Bombardier slashes jobs, slows production rate due to low demand
May 19, 2015
By Manufacturing AUTOMATION
May 19, 2015 – Bombardier confirmed last week it will cut 1,750 employees in Quebec, Ontario and Ireland over the coming months as a result of weak economic conditions, low demand and geopolitical issues in Latin America, China and Russia market regions.
Up to 1,000 in Montreal, up to 480 in Toronto and up to 280 in Belfast will be impacted at various stages of the Global 5000 and Global 6000 aircraft production cycle.
“We have seen an industry-wide softness in demand recently in certain international markets and are taking steps to adjust our production accordingly,” said Éric Martel, president of Bombardier Business Aircraft. “We fully understand the impact this will have on our affected employees and their families and we will do everything possible to support them.”
Reductions will begin next month and will continue progressively through the first quarter of 2016.
“Bombardier constantly monitors the market and adjusts to trends and opportunities. Despite this short-term softness in international markets, we are well positioned to be the market share leader in the segments where we compete,” he added.
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