Bombardier to lay off 1,700 from aerospace division
January 21, 2014 | By The Canadian Press
Bombardier says it is planning to lay off 1,700 employees from its aerospace division, mostly in Montreal.
The company told employees that the cuts are required due to delays in the launch of new planes and tough market conditions.
Bombardier Inc. says it needs to preserve cash.
The layoffs represent six per cent of the Bombardier Aerospace workforce.
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