- August 31, 2008, 1:12 PM
Embraer announced last month that it “consolidated its organizational structure by reducing managerial positions and administrative functions.” The Brazilian aircraft manufacturer said the reduction affected “around 250 people.” However, Reuters reported that the company laid off nearly 500 employees, including some engineering staff. Embraer said it “continues to move firmly ahead in its growth process and…confirms the aircraft delivery forecasts and economic-financial projections previously announced.”
