Bombardier Sheds 1,700 Workers Following CSeries Delay | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Thu, Jan 23, 2014

Bombardier Sheds 1,700 Workers Following CSeries Delay

About Two-Thirds In Canada, 600 In The U.S.

Bombardier has announced that it will lay off about 1,700 workers in its aerospace division shortly after saying the entry into service of the CSeries aircraft will be delayed until sometime in 2015.

The move will eliminate 1,100 jobs in Canada and 600 in the U.S., according to a report from Reuters. Bombardier said it needs to cut expenses and still make major investments in the CSeries and Learjet 85 aircraft it has under development.

The company sent a memo to staff obtained by Reuters that indicated the company was putting stricter spending controls in place to "consistently meet out budget through 2014." Analysts such as Stonecap Securities' Scott Rattee say the move confirms that Bombardier is "very concerned about their cash position."

The memo said that the employees would be laid off in the manufacturing, engineering, sales and support segments of the aerospace division. The company said that it would work to match employees targeted for layoffs with a "few hundred" openings that it is working to fill.

FMI: www.bombardier.com

Advertisement

More News

Bolen Gives Congress a Rare Thumbs-Up

Aviation Governance Secured...At Least For a While The National Business Aviation Association similarly applauded the passage of the FAA's recent reauthorization, contentedly recou>[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

Buying Sprees Continue: Textron eAviation Takes On Amazilia Aerospace

Amazilia Aerospace GmbH, Develops Digital Flight Control, Flight Guidance And Vehicle Management Systems Textron eAviation has acquired substantially all the assets of Amazilia Aer>[...]

Hawker 4000 Bizjets Gain Nav System, Data Link STC

Honeywell's Primus Brings New Tools and Niceties for Hawker Operators Hawker 4000 business jet operators have a new installation on the table, now that the FAA has granted an STC f>[...]

Echodyne Gets BVLOS Waiver for AiRanger Aircraft

Company Celebrates Niche-but-Important Advancement in Industry Standards Echodyne has announced full integration of its proprietary 'EchoFlight' radar into the e American Aerospace>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC