Bombardier Inc. will cut 2,500 workers from its plane-making division as demand for the company's main source of income - private jets - plummets amid a recession and falling travel demand.
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sail closing six stores in Ontario and Quebec, affecting 500 employeesOutdoor retailer Sail is shrinking its footprint by a third with the closure of four stores in Quebec and two in Ontario that will affect about 500 workers.
Read more »
Growth 500: Canada’s Fastest-Growing Companies: Enter Now! - Canadian Business - Your Source For Business News
Read more »
Bombardier to gradually cut 2,500 employees due to COVID-19The majority of these reductions will affect manufacturing activities in Canada.
Read more »
Bombardier to lay off nearly 200 workers on regional rail services in GTABombardier to lay off nearly 200 workers on regional rail services in GTA GlobeBusiness
Read more »
Bombardier To Slash 2,500 Jobs As Pandemic Batters Aviation IndustryThe layoffs will mostly impact Canadian manufacturing operations.
Read more »