four days ago heinrich hiesinger said they were honest about job losses >> we tried to give the employees a stable outlook for the future therefore, for the maturity of the sides committed and made agreements going to 2026 but we were also honest. for some sides we said it's not possible because we need to go for the synergies. therefore we openly shared from day one that our present assessment is that on both sides we probably need to reduce our work for by up to 2,000 people 2,000 on the tata side, 2,000 on the thyssenkrupp side. as i said we do this in order to gain a more secure future for more than 40,000 employees so it was an honest dialogue from day one >> elsewhere, inmarsat shares are lower after receiving a takeover bid from echostar the firm said it made a compelling cash and stock offer that values the firm at 532 pence per share. echostar had a previous bid for inmarsat rejected in june, while a french peer also backed away from an offer as well. >>> preparations for the public listing of saudi aramco have stalled. according to the "wall street journal" doubts are growing th

. >> thyssenkrupp's ceo has resigned, bowing to shareholder pressure, heinrich hiesinger stepping downmpany signed a deal for a european steel joint venture that was strongly opposed by some investors. earlier this year, elliott management wanted to oust hiesinger, who has been criticized for the company's declining revenue, rising costs, and falling stock price. david: boeing and brazilian planemaker embraer have reached a preliminary agreement for a $4.75 billion joint venture. we knew about this back in december. but remind us exactly what this deal is. >> it has taken many evolutions as they have negotiated this, and that is partially because embraer is kind of viewed as this brazilian champion. the government did have a say in how this deal turned out. what they have come up with is a joint venture with a commercial aviation part of embraer. that company will continue to have a defense operation and executive aviation, small, private business planes. but the commercial part is what boeing wanted and what they are getting out of it. the transaction values this part of the company a