Union defends the reestablishment to save Embraer



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According to the union, Boeing’s withdrawal was a “change in a transaction marked by disregard for national interests and Brazilian workers.”
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Sputnik – After Boeing confirmed the termination of the contract for the purchase of part of Embraer, the Union of Metallurgical Workers of São José dos Campos asked this Saturday (25) to re-express the Brazilian company.

In addition, the entity stated that the government should guarantee the jobs of the company’s workers.

“We defend that the Brazilian government fulfills its role in favor of our sovereignty and restates Embraer so that, given the secondary effects caused by the rupture of the agreement, aggravated by the economic consequences caused by the coronavirus pandemic, jobs and Workers’ rights are fully preserved, “says the union note.

Through an official statement from the US company released today, the company stated that it “exercised its right to terminate” the contract because Embraer “had not met the necessary conditions.” The agreement stipulated that the term to terminate the contract would end on April 24.

‘National Heritage’

The union emphasized that it was always against the sale of Embraer, which according to the entity is “a strategic national asset for the country and does not need an alliance with international partners to survive.”

According to the union, the withdrawal was a “change in a transaction marked by contempt for national interests and Brazilian workers.”

The entity also said that the sale process would have cost the company R $ 485 million in 2019, “according to Embraer’s own financial statement,” and demanded that Boeing compensate for the loss.

Following Boeing’s decision, Embraer issued a note stating that the US company “improperly terminated the Global Operating Agreement (MTA) and made false claims as a pretext to try to avoid its commitments to close the transaction and pay Embraer the purchase price of $ 4.2 billion [R$ 23,5  bilhões]”

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