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Brazil's Embraer to trim staff amid demand decline

Xinhua, September 17, 2016 Adjust font size:

Brazilian aerospace company, Embraer, announced Friday that some employees will be put on forced leave from October as lower demand has led to reduced production.

"Employees in concerned sectors were already informed of the precise periods of the pause," said Embraer in a press release, without offering more details.

This decision, the company confirmed, will affect its main plant in Sao Jose dos Campos, although it said that the plant will not fully stop operating.

This announcement came a day after Embraer announced that 1,470 of its 19,000 employees had signed up for a voluntary dismissal plan, as part of the company's strategy to cut costs by around 200 million U.S. dollars.

In the second quarter of the year, Embraer, the world's third-largest aircraft manufacturer, suffered a deficit of 1.023 billion U.S. dollars, a stark contrast with the 1.21 billion dollars in profit it saw in the second quarter of 2015. Endit