Syndicate: Avibras calls for the reinstatement of the judiciary and the dismissal of more than 400 people – 03/19/2022
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Avibras Aeroespacial started yesterday Judicial recovery process. The request has been submitted At the Jacareí Forum in São Paulo. In a note, the company said it is maintaining core activities in order to fulfill contractual obligations it has made with customers.
In addition to organizational restructuring measures, the arms and defense equipment manufacturer has laid off about 400 employees, According to the Federation of Metal Workers of São José dos Campos. The number has not been confirmed by the company.
“The position of the management of Avebras, which separated the fathers and mothers of the families by surprise and inhumanely, is intolerable. Therefore, we call on all workers, dismissed or active, to fight for the reintegration of the laid-off. The company with new projects has no justification for adopting this arbitrary and cruel situation,” says Wheeler Gonsalves, President of the Federation.
a Exceeding the company’s indebtedness 395 million Brazilian riyals. In a statement, the company said: “In the past two years, the company’s results have been severely affected by the outbreak of the Covid-19 pandemic, especially in the financial aspects, with the postponement of export contract negotiations and the consequent significant decrease in its sales.” Note.
During During this period, the company claims that it acted to try to reduce Effects of the health crisis on its business, maintaining its operations structure and preserving jobs.
“At this challenging moment, we remain committed to resuming our business, with a focus on developing new markets and corporate sustainability,” Avibras says.
Revenue decline and expected recovery
In 2019, the company’s revenue was R$920.86 million. In the first year of the epidemic, revenue was R$848.16 million, down 7.9% from the previous year. Last year, revenue was even lower, at R$223.22 million.
Avebras fires 400 workers at Jaccari factory, says union
Photo: Publicity / Avibras
According to Nelson Marcondis, the company’s attorney, creditors have already been contacted. “The company has tried to hold out as long as possible, but we are already seeing the market move again, and Avibras has great prospects for the contracts being worked on,” he says.
In a petition to the São Paulo court, the defense stated that in the market in which Avibras operates, orders, negotiations and conclusion of contracts are covered with a high level of confidentiality, since they relate to issues of national security and sovereignty.
“In this sense, any and all acquisitions are dealt with in face-to-face meetings or negotiations (…). Therefore, the Avibras business team has been prevented from having any face-to-face contact with its core customers in at least a year and a half, given the restrictions imposed on Doing international travel due to border closures,” the company says in the document.
The company expects a gradual resumption of business in 2022 and next year.
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