Bombardier cuts 1,000 employees in Mexico, Kansas due to weak Learjet demand
Jan. 16, 2015 – About 1,000 employees will be cut from Bombardier’s Learjet business this year, affecting sites in the United States and Mexico, announced the aerospace company this week.
The cuts are a result to weak demand for the Learjet 85 business jet.
“Bombardier constantly monitors its product strategy and development priorities,” said Pierre Beaudoin, president and CEO. “Given the weakness of the market, we made the difficult decision to pause the Learjet 85 program at this time. We will focus our resources on our two other clean-sheet aircraft programs under development, CSeries and Global 7000/8000, for which we see tremendous market potential. Both programs are progressing well.”
The company will record US$25 million for severance in its first quarter of 2015.
— With files from The Canadian Press