Thread regarding Embraer-Empresa Brasileiras de Aeronautica S/A layoffs

20% to be laid off (about 4000 employees)

This is already public. Will impact Brazil, about 4000 employees will be laid off. A drop in orders and problems with Brazil's economy are causing the issues. Not sure how things will play out but this is not good for anybody as there are many suppliers in the overall food chain so this will be problematic in general.

Good luck to all, and may the RIFF not affect you!

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http://laht.com/article.asp?CategoryId=12396&ArticleId=328124

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