MONTREAL – Bombardier says it should lay off 2,500 employees from the aviation aspect of the corporate due to the pandemic’s impression on its markets.
The transportation agency stated the vast majority of the reductions will impression manufacturing operations in Canada and can happen progressively all year long.
Bombardier says it has to regulate its operations to make sure it emerges from the COVID-19 disaster in a powerful place.
It says industry-wide enterprise jet deliveries are forecast to be down by 30 per cent year-over-year as a result of pandemic.
The Montreal-based firm says it expects to document a particular cost of $40 million in 2020 on account of the cuts.
It says additional info will likely be supplied when it delivers second quarter ends in early August.
This report by The Canadian Press was first printed June 5, 2020.
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