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.



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


Recommended

First in-flight 100% sustainable-fuels emissions study of passenger jet

Initial findings from a world-first study of the impact of 100% sustainable aviation fuel on both engines of a commercial jet have provided promising early results. The ECLIF3 study, involvi...

New hangar project at Mohammed Bin Rashid Aerospace Hub in Dubai DWC airport - Comlux

In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airlines and Group and Chairman of Dubai Ai...

New operator of A321neo - China Airlines- advanced high-comfort cabin and contactless protection

China Airlines (CAL) has become the latest operator of the A321neo, following the delivery of its first aircraft of the type, on lease from Air Lease Corporation (ALC). The aircraft operated...

Flying Colours Corp. inks sales and installation agreement with SmartSky

Flying Colours Corp. has signed an agreement with North Carolina-based SmartSky Networks to act as a sales and installation facility for SmartSky’s air-to-ground connectivity equipment. Sal...