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Brazilian planemaker Embraer opens new employee buyout program
October 5, 2016 / 3:31 PM / a year ago

Brazilian planemaker Embraer opens new employee buyout program

SAO PAULO, Oct 5 (Reuters) - Brazilian planemaker Embraer SA said on Wednesday it was opening another voluntary buyout program for employees at the request of unions, adding to a nearly 8 percent reduction to its workforce in the last round of cuts.

The new program, which runs from Thursday until Oct. 11, will be open to engineers, secretaries and mid-level technicians, which together make up about half of Embraer's employees, the company said in a public statement. (Reporting by Brad Haynes; Editing by Daniel Flynn)

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