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Daimler Reverses Brazil Truck Job Cuts by Reducing Hours Instead

2015-09-01 15:11:13| Auto Dealers - Topix.net

Daimler AG reversed course on the 1,500 job cuts announced last week at its Brazilian truck-making division, saying it will scale back hours by 20% instead as demand shows no sign of improving. The agreement with local unions guarantees jobs until August 2016, and the Brazilian state will compensate employees for about half their lost pay, the Stuttgart, Germany-based company said in a statement Aug. 31. Workers at Daimler's factory in Sao Bernardo do Campo went on strike in response to the cuts originally proposed, which would have cost about 13% of the company's Brazilian workforce their jobs.

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The Future of Retailing in Brazil to 2019

2015-08-31 02:00:00| Apparel & textile industry market research - from just-style.com

Brazilian retail sales grew from BRL932.1billion in 2009 to BRL1,373.6 billion in 2014 at a CAGR of 8.1%.

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Quarterly Beverage Tracker Second Quarter 2015: Brazil

2015-08-31 02:00:00| Beverage industry market research - from just-drinks.com

A lower growth rate will be seen in juices and nectars due to the increased product ranges, but will see increases due to the health benefits associated with them.

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Is austerity saving or sinking Brazil?

2015-08-28 01:01:46| BBC News | Business | UK Edition

Is austerity is helping or hurting?

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Petrobras needs another $4.3bn for Comperj refinery project in Brazil

2015-08-28 01:00:00| Hydrocarbons Technology

Petroleo Brasileiro (Petrobras) will need an additional investment of $4.3bn for completing development of Comperj refinery project which is located at Itaboraí, outside the city of Rio de Janeiro in Brazil.

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