Bombardier is cutting 1750 jobs, the majority in Montreal. Declining demand for business jets is the reason 1,000 positions will be cut in Montreal, 480 in Toronto, and up to 280 in Belfast, the company says.
“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, in the press release.
“We fully understand the impact this will have on our affected employees and their families and we will do everything possible to support them.”
Bombardier’s largest business planes, the Global 5000/6000 series were affected by the political turmoil and lower energy prices in target markets such as Russia, Brazil and China.
About 4,500 workers are employed at the Toronto assembly facility and the Montreal completion centre.
Ontario’s minister of economic development, Brad Duguid, spoke with CBC News saying the manufacturing outlook for the Global 7000 and 8000 business aircrafts looks very good. They will be made in Toronto.
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