Thu, Feb 19, 2009
Roughly 20 Percent Of Global Jobs Will Be Cut
Brazilian planemaker Embraer is the latest aircraft manufacturer
to announce massive layoffs, blaming a likely reduction in orders
and production during what looks to be a very difficult year.
In a communique issued Thursday, Embraer announced it plans to
lay off about 20 percent of its 21,362 employees, with the majority
of job losses coming from the production and administrative areas.
The company will also cut an entire level in the company's current
"[I]t 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," Embraer stated.
"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
"Therefore, the resiliency that the Brazilian domestic market
has been demonstrating through the crisis does not significantly
alter this adverse scenario."
Embraer added the "significant majority" of the engineering
workforce will be kept engaged in programs for development of new
products and technologies, which will be kept unchanged.
As a result of those layoffs, Embraer also revised its revenue
projections for 2009 to US$ 5.5 billion, projecting 242 commercial
and executive aircraft deliveries.
"Embraer expresses its profound respect for the people who are
now leaving their positions with the Company," the planemaker
added. "Respect for the work they performed, for their professional
and personal contributions during their tenure, and for the
difficult moment they are facing."
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