Tag Archives: Bombardier

Bombardier to cut 7,000 jobs as it enters ‘year of transition’

By BERTRAND MAROTTE

MONTREAL — The Globe and Mail – Bombardier Inc. chief executive officer Alain Bellemare is vowing that 2016 will be a “year of transition” for the Montreal-based plane and train maker after significant rounds of cost cutting last year.

But many investors, analysts and observers were disappointed by worse-than-expected fourth-quarter earnings and surprised by the magnitude of a new wave of cost cutting – 7,000 jobs to be slashed over the next two years –

Read more » The Globe And Mail
See more » http://www.theglobeandmail.com/report-on-business/bombardier-to-slash-7000-jobs/article28779506/