Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

Poised to take place throughout this year, the cuts will see 1,500 layoffs in Quebec and 400 in Ontario. Some 500 more are slated for Mexico, 40 in the United States, and about 60 outside North America, according to a Bombardier spokesman.

In a statement Friday, Bombardier stressed the “extraordinary industry interruptions and challenges caused by COVID-19,” which have prompted a forecasted 30 per cent year-over-year decline in business jet deliveries industry-wide. Bombardier recently sold its commercial jet businesses, which supplied planes to airlines, and agreed to sell its rail business to French rail giant Alstom SA, subject to approvals.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Growth 500: Canada’s Fastest-Growing Companies: Enter Now! - Canadian Business - Your Source For Business NewsWhere are McKenna’s missing billions? I’ll wait.
Source: macleans - 🏆 19. / 71 Read more »

Bombardier To Slash 2,500 Jobs As Pandemic Batters Aviation IndustryThe layoffs will mostly impact Canadian manufacturing operations. This company is complicit in the destruction of our natural world and possibly the extinction of humanity. Unfortunate that people will loose their jobs but its probably for the best. They took a big gamble with the C Series passenger Jets now renamed the Airbus C220. The CRJ business went well, their only competition was from Embraer in Brazil.
Source: HuffPostCanada - 🏆 61. / 53 Read more »