Brazilian planemaker Embraer said on Tuesday that around 80% of staff at its pla...
Police officers take position in front of the Embraer's plant in Sao Jose dos Campos, Brazil September 24, 2019. REUTERS/Roosevelt Cassio
Embraer shares traded down 3.7% on the day, underperforming the broader Brazilian stock market and on track for their biggest fall in six weeks. The plant employs nearly 8,000 people, including production and administrative staff, according to the company. Embraer did not specify how much production had been lost, if any.
Workers are demanding a real-term salary increase - one that exceeds the rate of inflation - which they have not received over the past four years, the union said.Embraer workers have rejected the company’s proposal to adjust salaries corresponding to inflation at the rate of 3.28%and are demanding a 6.37% pay rise, the union said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil Opens Up an Economy Long Shielded From CompetitionPresident Jair Bolsonaro’s administration is opening up one of the world’s most closed big economies, slashing import tariffs on more than 2,300 products and exposing local industries long accustomed to protectionism to the challenges of free trade.
Read more »
Wattpad Partners With Wise Entertainment To Develop TV and Film Projects For BrazilIt looks like Wattpad is furthering its global reach — and possible domination in the international market for developing foreign-language TV series and film. The latest company to join Wattpad&82…
Read more »
Wattpad Strikes Content Development Deal With Brazil's Wise EntertainmentThe Latin American expansion for the Canadian storytelling startup, led by CEO Allen Lau, follows partnerships in Europe and Asia.
Read more »
China’s Labor Market Is Changing, but It Isn’t Because of a Trade WarChina is grappling with a slowing growth pace and weaker business and consumer sentiment, but much of this is the result of the economy’s transition to one where services and domestic consumption have gained importance, rather than U.S. tariffs.
Read more »
ABB chief says company is bullish on China despite trade war concernsPeter Voser from ABB told CNBC the ongoing trade war between Beijing and Washington has not changed the way the company invests in China.
Read more »