9 de agosto de 2016 / 13:17 / hace un año

Embraer stock drops on plans to cut Brazil workforce to cut costs

SAO PAULO, Aug 9 (Reuters) - Shares in Embraer SA, the world’s No. 3 commercial aircraft producer, fell on Tuesday after management launched a plan to reduce its workforce in Brazil and cut costs.

Shares shed over 1 percent to 14.90 reais at the market open in São Paulo. The plan, alongside several other initiatives, aims to cut costs by about $200 million annually. (Reporting by Guillermo Parra-Bernal Editing by W Simon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below