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Thursday, July 24, 2014

Bombardier to Cut 1,800 Jobs Amid Troubled CSeries Launch - Bloomberg

Bombardier to Cut 1,800 Jobs Amid Troubled CSeries Launch - Bloomberg


Bombardier Inc. (BBD/B), struggling with the development of its centerpiece CSeries jetliner, will slash about 1,800 jobs from its aerospace business and split the unit into three in a move to cut costs and improve operations.
The division will be carved up into business aircraft, commercial aircraft and aerostructures units, according to a statement from Bombardier yesterday. Leaders of those segments and the rail operations will report to Chief Executive Officer Pierre Beaudoin. As a result of the reorganization, Guy Hachey, head of the aerospace business, will retire.

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