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7/2, 9:10 PM (Source: TeleTrader)
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Embraer-1.74%

5.65
Chart for: Embraer S.A.

Embraer negotiating employee buyouts

Embraer S.A. announced on Thursday it was in discussions with its unions in regards to possible employee buyouts.

The manufacturer said it may offer voluntary severance packages to workers who are currently furloughed. The measures would not affect the government loan agreement with Brazilian Development Bank, which Embraer recently secured, it said.

However, initial negotiations were a failure, with another round of talks set to be held on Friday.

Breaking the News / MD