News

 

Bombardier to Lay Off 1700 Workers

Bombardier says it plans 1,700 layoffs from its aerospace division, mostly in Montreal

Bombardier says it plans 1,700 layoffs from its aerospace division, mostly in Montreal.

The company told employees today that the cuts are required due to delays in the launch of new planes and tough market conditions.

Bombardier Inc. (TSX:BBD.B) says it needs to preserve cash. The layoffs represent six per cent of the Bombardier Aerospace workforce.

Leave a comment:

· Subscribe to comments
Be the first to comment here.

Your GTA

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Today's Poll

Does it bother you that the Toronto cop accused of murder in last summer's streetcar shooting is now working for Crime Stoppers?

Voting is restricted to one vote every 24 hour(s) VoteResults

Top Stories

Video

Facebook

Twitter