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#Videocrux - Trade Unions urge government to cut high interest-rate. Trade Unions urge government to cut high interest-rate.
After a decade-long boom, Brazil now has to tighten its belt. Unions and employer groups are trying to head off massive job losses, and are calling for Brazil to cut sky-high interest rates.
General Motors is sacking workers in Brazil.
Brazil's car market, one of the biggest in the world, is in freefall. Sales, robust for most of last year, are now plummeting as consumers find credit has all but dried up. Carmakers, starting with General Motors, are starting to fire workers: to the fury of unions.
Prospects are bleak for a GM's worker, Weliton Ribeiro.
Weliton Ribeiro was one of 800 sacked from GM's plant outside Sao Paulo. Now, he has to find a way to support his young family -but prospects aren't good. Job cuts are accelerating across the country.
Trade Unions urge government to cut high interest-rate.
After a decade-long boom, Brazil now has to tighten its belt. Unions and employer groups are trying to head off massive job losses, and are calling for Brazil to cut sky-high interest rates.
Workers urge government action against job cuts.
There are also rumblings of strikes to press for more government action. But for some, it's too late. The axe has already fallen and is poised to swing again, and again.

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