Almost 1,500 Volkswagen workers in Brazil have accepted buyout offers, in-line with initial targets.


Volkswagen do Brasil offered the buyouts at its Sao Bernardo do Campo plant as part of a first phase of a voluntary layoff plan agreed with unions in September. The plan calls for the eventual reduction of 3,600 jobs by the end of 2008.


The first buyout offer has attracted 1,496 workers, according to the Associated Press. A further 237 workers are expected to accept buyout packages by the end of January 2007.


The job cuts are part of a restructuring of the plant that employs around 12,000 people. Sao Bernardo do Campo, also known as Anchieta, is Volkswagen’s largest plant in Brazil. It is also the oldest car plant in the country, and produces a range of new and older models including the Gol, Saerio, Polo, Polo Calssic, Santana, Fox and Kombi, at a rate of 960 vehicles a day. There are also an engine plant and a foundry on the site.


Assembly volumes at the plant have been hit by the appreciation of the Brazilian real, which has resulted in a sharp reduction in exports.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now