By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > Metalworkers suspend strike at Embraer plant in Brazil
Stocks

Metalworkers suspend strike at Embraer plant in Brazil

News Room
Last updated: 2023/10/04 at 11:25 PM
By News Room
Share
2 Min Read
SHARE

© Reuters. FILE PHOTO: A view of a miniature airplane at the assembly line of the Embraer aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. REUTERS/Carla Carniel/File Photo

SAO PAULO (Reuters) -Metalworkers at Brazilian planemaker Embraer’s Sao Jose dos Campos plant on Tuesday decided to suspend a strike they had started earlier in the day as they campaign for higher wages.

Local union Sindmetal said in a statement the strike had been called off after about three hours because workers felt “intimidated by the large number of police officers and security guards on site.”

Sindmetal said it would pitch a new strike with workers on another shift at 3 p.m. local time (1800 GMT).

The metalworkers had voted to go on strike early on Tuesday, saying they had rejected a wage offer from the company.

The union added the move was set to halt production at the factory, but Embraer said in a separate statement that the plant was “operating normally” while negotiations between workers and industry group FIESP continue.

Sindmetal said metalworkers were offered a 4.06% pay raise in line with Brazil’s inflation levels. The union declined to specify the raise they were seeking.

According to the union, they had warned Embraer of the potential strike on Sept. 26 but the wage proposal was not sweetened.

Embraer, the world’s third-largest planemaker after Boeing (NYSE:) and Airbus, said it had given workers’ the 4.06% pay raise for those earning up to 10,000 reais ($1,967) a month, and a 406-real raise for salaries above that threshold.

“That is in line with the offer presented by FIESP, which represents companies in the sector. Negotiations between FIESP and the unions continue,” Embraer said, adding that its other factories are also operating normally.

($1 = 5.0844 reais)

Read the full article here

News Room October 4, 2023 October 4, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Waymo Leads The 2025 Robotaxi Surge As Zoox Expands And Tesla Races To Catch Up

Watch full video on YouTube

Michael Saylor’s Strategy buys $835M in bitcoin, Nvidia earnings expectations, AI bubble concerns

Watch full video on YouTube

US inflation unexpectedly falls to 2.7%

Stay informed with free updatesSimply sign up to the US inflation myFT…

Zelenskyy to confront De Wever in stand-off over Russian assets loan

Good morning. There are only two stories in Europe today: First, will…

BP replaces CEO Murray Auchincloss after less than two years in the role

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?