Embraer announced yesterday that it will cut an estimated 20% of its workforce of 21,362 employees in response to an "unprecedented crisis affecting the global economy." The more than 4,000 cuts will be concentrated in production and administration, with a layer of management structure eliminated. Most of the engineering workforce will remain onboard continuing with new product and technology development. The Brazilian manufacturer forecasts $5.5 billion in revenue this year and expects to ...

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