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

Air passenger rights reform: as European negotiations nearing conclusion, up to 60% of travelers could lose their right to compensation

Air passenger rights in Europe are at a critical crossroads. On June 2, the European Union’s Conciliation Committee will meet for a final round of negotiations on the revision of the European re...

Deutsche Aircraft future-oriented European multi-role aviation portfolio at ILA Berlin 2026

Deutsche Aircraft is preparing its most comprehensive showcase to date, highlighting the evolution of its future ready, multi role aviation portfolio designed for governmental and mission critica...

Airshare to equip fleet of Embraer Phenom 300s with Gogo Galileo connectivity

U.S.-based aircraft management, fractional ownership, jet cards, and charter services operator Airshare is equipping its fleet of Embraer Phenom 300s with the Gogo Galileo HDX system. The up...

VINCI Airports celebrates the completion of the extension and renovation of Kansai International Airport, as well as the 10th anniversary of the concession

Kansai International airport (KIX) reaches new milestone in its development with the inauguration of the completed international trade zone. This completion marks the conclusion of the extensive renov...

Android Apps development in Riga, Latvia