MONTREAL | Canada’s Bombardier says it will cut 5,000 jobs

8Nov - by Editor - 0 - In STL.News



MONTREAL — Canadian plane and train maker Bombardier Inc. said Thursday it will shed 5,000 jobs and sell off two units as part of a five-year plan to rein in costs, focus on rail and business jets, and reduce debt.

About 2,500 Bombardier workers will be laid off in Quebec and 600 in Ontario while 2,000 cuts will be overseas.

The Montreal-based company said will sell its Q400 turboprop aircraft program to a subsidiary of Longview Aviation Capital Corp.

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