Bombardier lays off 1,700 employees
Bombardier is slashing six per cent of its workforce in the Aerospace division.
The Montreal-based company told employees on Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions.
It said it needs to preserve cash amid delays in the CSeries commercial jet and Learjet 85 business jet as well as due to tough market conditions.
The announcement follows several recent setbacks for Bombardier, which is one of the world's largest aircraft manufacturers.
It announced last week that its new CSeries commercial jet won't be ready for service until the second half of 2015, several months later than its already delayed previous goal.
On Monday, Bombardier said it received 19 per cent fewer new orders for commercial and business aircraft last year than in 2012.
Bombardier lays off 1,700 employees
Bombardier is slashing six per cent of its workforce in the Aerospace division.
The Montreal-based company told employees on Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions.
It said it needs to preserve cash amid delays in the CSeries commercial jet and Learjet 85 business jet as well as due to tough market conditions.
The announcement follows several recent setbacks for Bombardier, which is one of the world's largest aircraft manufacturers.
It announced last week that its new CSeries commercial jet won't be ready for service until the second half of 2015, several months later than its already delayed previous goal.
On Monday, Bombardier said it received 19 per cent fewer new orders for commercial and business aircraft last year than in 2012.
Bombardier lays off 1,700 employees
Last edited:
