Volkswagen and GM start collective vacations for 5,000 workers at Vale do Paraíba factories

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With the market slowing down, employees of the two factories in Taubaté and São José dos Campos will be temporarily away from activities. Volkswagen factory in Taubaté Volkswagen/Press Release The automakers Volkswagen and General Motors (GM) will begin this Monday (27) collective vacation periods for around five thousand workers at their factories in Taubaté and São José dos Campos, in the interior of São Paulo. Share on WhatsApp Share on Telegram With the market slowing down, automakers in the country announced employee layoffs and a reduction in production between March and April. The stoppages also occur at Hyundai units, in Piracicaba; Mercedes-Benz, in São Bernardo do Campo; and Stellantis, in Goiana, Pernambuco, which brings together brands such as Fiat, Peugeot, Citröen. SEE ALSO: Automakers adopt collective vacations at factories in Brazil Paralysis of automakers has a new explanation: the increase in interest rates Lack of buyers should not reduce car prices; understand What are the duties of companies and the rights of workers in case of collective vacations? At Volkswagen, the removal of employees at the Taubaté plant will initially be 10 days for about 2,000 workers. After this period, a new collective vacation period will be adopted for 900 employees, who only return to work after the Tiradentes holiday. According to the manufacturer, the measure aims to maintain the unit’s production line and also the instability in the component supply chain, such as semiconductors. GM plant in São José dos Campos GM/Disclosure At General Motors, the measure will affect three thousand employees at the unit in São José dos Campos (SP) – around 80% of the production area. The return is initially scheduled for April 13th. The company did not respond to questions raised by g1, but the city’s Metalworkers’ Union explained that the objective is also to adjust inventory due to the market slowdown and falling sales. Automakers paralyze once again; understand the reasons High interest rates The automotive industry is going through a new period of difficulties, and has once again announced shutdowns of its main factories in Brazil. Unlike recent episodes, however, the Covid-19 pandemic is not in the spotlight: the focus now is on rising interest rates. As g1 showed, the increases in the basic interest rate, the Selic, made by the Central Bank since 2021, finally began to have stronger consequences for the economy. And one of them is precisely the reduction in consumption through the difficulty of granting credit. For analysts who follow the sector, the rise in credit along with the reduction in the purchasing power of the population reduced the financing potential and, consequently, the demand for new cars. Data from the National Federation of Automotive Vehicle Distribution (Fenabrave) show that January 2023 started slow. Compared to the previous month, there was a 34% drop in license plates for cars, light commercial vehicles, trucks and buses — although the number is 12% higher than that observed in January 2022. In February, a new drop: 9% compared to January. Against the same month of 2022, the accumulated also passed to the negative field: retreat of almost 2%. Considering only automobiles, there was a reduction of 7% and 4.2%, respectively. See more news from Vale do Paraíba and Bragantina region

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