Brazil Firms Enter `Do Not Fire` Pact as Virus Roils Economy
(World News Brazil)

(Bloomberg) — Brazilian companies from retailers to homebuilders and banks pledged to not fire employees during the crisis while the industry continued to adjust operations as politicians discuss when social isolation measures will ease. The Health Ministry estimates social isolation will be relaxed by April 13, according to Folha newspaper, while lender Itau expects gradual reopening from April 20. But Sao Paulo, the richest and hardest hit state, may extend measures, local media reported. The latest data from the Health Ministry shows coronavirus cases rose to 11,130 with 486 deaths. Here’s a description of the latest measures taken by Brazilian companies: April 4, 5 and 6: Gerdau...