Finance, Taxes, Insurance
Embraer Seeks To Reduce Workforce With Voluntary Cuts
Aims to save $200 million in worker compensation

Embraer has announced a plan to cut its workforce in Brazil through a so-called Voluntary Dismissal Program (VDP) in an effort to save some $200 million. Citing a “challenging global aerospace scenario,” the company referred to its recent plans to cut its delivery forecast for next year, most prominently in its business jet division. An Embraer spokesman told AIN that the program will apply to all its divisions, including commercial and military.