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)
© Thomson Reuters 2017 All rights reserved.