Bombardier cutting 7,500 jobs in second mass round of layoffs this year
MONTREAL — Bombardier said Friday it plans to eliminate 7,500 positions — more than 10 per cent of its global workforce — through the end of 2018, the company’s second mass round of layoffs in less than a year.
About 2,000 positions will be cut across Canada, including 1,500 in Quebec, the Montreal-based aerospace giant said Friday. Two-thirds of all the job losses will come from Bombardier’s transportation division mainly in Europe, with the rest from its aerospace operations.
“I know these aren’t easy decisions in the short-term,” CEO Alain Bellemare said in an interview. “But they are the right decisions to ensure the future of the company.”
In February, Bombardier announced plans to cut 7,000 positions by the end of next year as it struggled to sell its signature CSeries passenger jet in the face of growing competition from rivals abroad.