The company's plans to scrap jobs will result in the loss of 1,500 positions in Quebec by the end of 2018. Bellemare said the new jobs will be added in low-cost countries and more established higher cost operations. “It’s the only way that we can protect the thousands of jobs in the industry and at Bombardier. Bombardier has received a $1-billion U.S. investment in the CSeries from the Quebec government, sold a 30 per cent stake in Bombardier Transportation to Quebec’s pension fund manager, the Caisse de depot, and has requested a $1-billion U.S. infusion from the federal government. He said Ottawa wants Bombardier to keep its head office and the jobs connected to its research and development activities in the country.

Source: thestar October 21, 2016 10:41 UTC