50 SKY SHADES - World aviation news

Embraer adjusts its structure in response to the impacts of COVID-19 and the cancellation of the partnership with Boeing

Download: Printable PDF Date: 03 Sep 2020 11:01 (UTC) categories:
Publisher:
Embraer adjusts its structure in response to the impacts of COVID-19 and the cancellation of the partnership with Boeing   - Finance publisher
Dana Ermolenko
Country: Brazil Aircraft: Airplanes

Embraer announced a 4,5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company’s partnership with Boeing. The objective is to ensure Embraer's sustainability and engineering capacity.

The pandemic particularly affected Embraer Commercial Aviation, which experienced a 75% reduction in aircraft deliveries during the first half of 2020 as compared to the same period last year.

The situation worsened as a result of the duplication of structures associated with the carve out of the company’s commercial aviation business in preparation for the partnership which was terminated at the initiative of Boeing, as well as the expectation that the air transport sector will not recover in the short- or medium-term. 

Since the beginning of the pandemic, Embraer has adopted a series of measures to preserve jobs, including collective vacations, reduced working hours, furloughs, paid leave, and three voluntary dismissal plans (VDP). The company has also reduced face-to-face work at its industrial plants with the aim of ensuring the health of employees and business continuity. Around 1,600 employees chose to participate in the VDPs in Brazil.

The company recognizes and appreciates the commitment of those professionals who are leaving the organization and counts on the commitment of all employees to overcome the current crisis and maintain the company’s competitiveness in the global market.





Recommended

Archer showcases electric air taxi operations in historic San Francisco Bay flights

Archer Aviation all-electric Midnight air taxi successfully completed several days of piloted flights across the San Francisco Bay Area as part of the company’s “No Roads” flight tou...

Elevating private aviation experience - PAC Kitchen and Provo Air Center

In business aviation, exceptional service is defined by attention to detail, and few amenities reflect that more clearly than premium catering. At the intersection of hospitality and private aviation,...

Dassault brings EASy IV upgrade to Falcon 2000 series, extending its latest standard to the best-selling family

Dassault will introduce the fourth-generation EASy IV flight deck on newly built Falcon 2000LXS aircraft, while also making the upgrade available as a retrofit across the entire Falcon 2000 EASy fleet...

Norway unveils five sites for landmark hybrid-electric aircraft demonstrations in 2027

Bristow Group Inc., in partnership with Electra, Avinor and the Norwegian Civil Aviation Authority (CAA Norway), will undertake a series of demonstration flights across five locations in Norway using...

Android Apps development in Riga, Latvia