April 2, 2009

Bombardier Aerospace to cut 3,000 jobs

Bombardier Inc. will cut 3,000 jobs in its aerospace division because of decreased demand for its business aircraft, the company announced Thursday.

In a news release issued Thursday morning outlining its fourth-quarter results, the Montreal-based company said it expected to deliver about 25 per cent fewer business aircraft this fiscal year and will be cutting its workforce by about 10 per cent.

Source: CBC

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