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Decline in demand for aircraft forces cuts
Source: Agencies |
April 3, 2009, Friday
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Print Edition
CANADA'S Bombardier Aerospace says it is cutting 3,000 jobs because the demand for its business aircraft has deteriorated rapidly and is expected to remain weak for the foreseeable future.
The company yesterday said it now expects to deliver approximately 25 percent fewer business aircraft this fiscal year.
The world's third-largest maker of commercial aircraft says the layoffs represent 10 percent of its total workforce. The reduction will take place at its facilities in Canada, the United States, Mexico and Northern Ireland by the end of this year.
The layoffs are in addition to the 1,360 announced on February 5 when Bombardier adjusted the production rates of its Learjet and Challenger aircraft.
Bombardier, which was due to announce its earnings later yesterday, is also the world's second-largest maker of trains.
The company yesterday said it now expects to deliver approximately 25 percent fewer business aircraft this fiscal year.
The world's third-largest maker of commercial aircraft says the layoffs represent 10 percent of its total workforce. The reduction will take place at its facilities in Canada, the United States, Mexico and Northern Ireland by the end of this year.
The layoffs are in addition to the 1,360 announced on February 5 when Bombardier adjusted the production rates of its Learjet and Challenger aircraft.
Bombardier, which was due to announce its earnings later yesterday, is also the world's second-largest maker of trains.
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