🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Mercedes-Benz puts 5,600 workers on vacation in Brazil due to chips shortage

Published 04/04/2022, 03:23 PM
Updated 04/04/2022, 03:27 PM
© Reuters. FILE PHOTO: Employees work on the new assembly line to build trucks at Mercedes Benz's trucks and buses manufacturing plant in Sao Bernardo do Campo, Brazil March 27, 2018. REUTERS/Paulo Whitaker/File Photo

SAO PAULO (Reuters) - Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said on Monday.

The production stoppage will happen from April 18 to May 3 and includes 5,000 employees in the Sao Bernardo do Campo plant and 600 in the Juiz de Fora factory, located in the Brazilian states of Sao Paulo and Minas Gerais, respectively.

© Reuters. FILE PHOTO: Employees work on the new assembly line to build trucks at Mercedes Benz's trucks and buses manufacturing plant in Sao Bernardo do Campo, Brazil March 27, 2018. REUTERS/Paulo Whitaker/File Photo

Mercedes said it is adjusting its production of trucks, truck cabins, bus chassis and other auto parts due to the global semiconductor supply crisis.

The company had already put about 1,200 workers on collective vacation with pay in March because of supply chain shortages, according to the metalworkers union from the Sao Bernardo do Campo region.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.