Job cuts in Brazil

August 24, 2014 - 12:00:00 am
New cars are parked at a stock area of the Volkswagen German automaker plant in Sao Bernardo do Campo. Many of Brazil’s biggest retailers, home-builders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid.