MONTREAL—Bombardier Inc. announced Thursday it will cut about 5,000 jobs across the organization over the next 12 to 18 months as part of a new restructuring plan. Bombardier announced it’s cutting about 5,000 jobs across the organization and has sold a number of non-core assets. Bombardier has struck a deal to sell its Q Series aircraft program and de Havilland trademark to a subsidiary of Longview Aviation Capital Corp. for about US$300 million. On an adjusted basis, Bombardier said it earned four cents per share in the quarter compared with a break-even result in the third quarter of 2017. The agreement includes the entire Dash 8 program, including the 100, 200 and 300 series and the in-production Q400 program.

Source: thestar November 08, 2018 12:25 UTC