Embraer reduces number of employees

Source : Air Transport

"Embraer informs that as a consequence of the unprecedented crisis affecting the global economy, which also affects the air transportation industry, it has become inevitable to implement a revision to its cost structure and workforce, adjusting them to the new reality of demand for commercial and executive aircraft. Although Embraer has its headquarters in Brazil, the Company depends primarily on export markets and on global economic performance – over 90 percent of its revenues are generated abroad. Therefore, the resiliency that the Brazilian domestic market has been demonstrating through the crisis does not significantly alter this adverse scenario."