October 10, 2019 / 8:47 PM / 3 days ago

Brazil's Embraer to furlough 15,000 workers ahead of Boeing deal -union

SAO PAULO, Oct 10 (Reuters) - Brazilian planemaker Embraer SA will furlough almost 15,000 workers in January, a metalworkers union said on Thursday, ahead of a partial takeover by Boeing Co as part of a deal that still needs regulatory approval.

Boeing has agreed to buy 80% of Embraer’s commercial plane division for $4.75 billion, a deal approved by shareholders and the Brazilian government but which is undergoing an intensive regulatory investigation in Europe. Embraer has said it expects the deal to close in early 2020.

Embraer did not immediately respond to a request for comment. (Reporting by Marcelo Rochabrun Editing by Leslie Adler)

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