Brazil's Eletrobras Offers Buyout To Cut Over 2,300 Jobs, A Fifth Of Workforce

Brazil’s Eletrobras Offers Buyout To Cut Over 2,300 Jobs, A Fifth Of Workforce

SAO PAULO (Reuters) – Brazil’s electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move following its privatization. Centrais Eletricas Brasileiras SA, as the company is formally known, said the voluntary layoff program will apply to 2,312 employees…

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