Word: dornier
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Dates: during 2000-2009
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...employees worldwide, or about 22% of its work force, and Embraer more than 1,800 (almost 10%), as many existing orders have been postponed or converted into purchase options. Revenue is down significantly for both companies, and it was an ominous sign when a major competitor, Germany's Fairchild Dornier, filed for bankruptcy in April 2002. Embraer's usually brash CEO, Maurício Botelho, 59, last month observed in nervous executive speak, "The aerospace market right now is very sensitive to change." Investors agree. Embraer stock has fallen from the high $30s before the 9/11 attacks to about...
...employees worldwide, or about 22% of its work force, and Embraer more than 1,800 (almost 10%), as many existing orders have been postponed or converted into purchase options. Revenue is down significantly for both companies, and it was an ominous sign when a major competitor, Germany's Fairchild Dornier, filed for bankruptcy in April 2002. Embraer's usually brash CEO, Mauricio Botelho, 59, last month observed in nervous executivespeak, "The aerospace market right now is very sensitive to change...
...employees worldwide, or about 22% of its work force, and Embraer more than 1,800 (almost 10%), as many existing orders have been postponed or converted into purchase options. Revenue is down significantly for both companies, and it was an ominous sign when a major competitor, Germany's Fairchild Dornier, filed for bankruptcy in April 2002. Embraer's usually brash ceo, Maurício Botelho, 59, last month observed in nervous executivespeak, "The aerospace market right now is very sensitive to change." Investors feel the same way. Embraer stock has fallen from the high $30s before the 9/11 attacks...
...Kirch bankruptcy is the latest in a string of high-profile failures of German companies this year. They include the construction firm Philipp Holzmann, aircraft producer Fairchild Dornier and office supply firm Herlitz. The bankruptcies reflect not only a stagnating economy, but also the reluctance of German banks - facing international pressure to make money for shareholders - to prop up failing enterprises. The government's inability to save the companies is also...