Auto sales plummet in Brazil, hamstringing key industry

Stan Lehman – The San Diego Union-Tribune, 6/15/2015

Plummeting auto sales in Brazil amid the nation’s worst economic crisis in a decade have battered the industry that makes up one-fourth of the country’s industrial gross domestic product and has led to widespread layoffs and mandatory leaves.

At least 6,000 workers in auto factories have been laid off since January, officials say, and another 20,000 put on furlough. Those add to thousands of jobs lost last year.

Additionally, Fenabrave, an association of auto dealers, said 250 of the country’s 8,000 dealerships have gone out of business this year, resulting in 12,000 lost jobs.

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