Bombardier announced it’s cutting 7,000 jobs as part of a “global workforce optimization

http://www.airliners.net/aviation-forums/general_aviation/read.main/6628760/

Bombardier announced today that it will take steps to optimize its workforce with a combination of a manpower reduction and strategic hiring throughout 2016 and 2017. As the company evolves over the next two years, its global workforce will be reduced by a targeted 7,000 production and non-production employees, including 2,000 contractors. This reduction will be partially offset by hiring in certain growth areas, notably to support the ramp-up of strategic programs and projects worldwide, such as the C Series. These adjustments will enable Bombardier to resize its organization in line with current business needs and to increase its competitiveness.

Wow.....they have crony capitalism in Canada too? /s