Staff Layoffs, Slowing Demand Cause 1Q Net Loss For Embraer
Costs associated with a 20% cut in staff combined with the continued slump in aircraft demand have produced a $23.4 million first-quarter net loss for Embraer. The Brazilian manufacturer recorded a 13.5% year-on-year dip in first-quarter revenue to $1.15 billion as deliveries dropped by five units...
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