The Business Times
SUBSCRIBERS

Bombardier to cut 1,800 jobs amid struggle to sell CSeries

Published Thu, Jul 24, 2014 · 10:00 PM
Share this article.

[MONTREAL] Bombardier Inc, struggling with development issues on its centrepiece CSeries jetliner, will slash about 1,800 jobs from its aerospace business and split the unit into three, in a move to cut costs and improve operations.

The division will be absorbed into Bombardier's business aircraft, commercial aircraft and aerostructures units, according to a statement on Wednesday.

Leaders of those segments and the rail operations will report to chief executive officer Pierre Beaudoin. As a result of the reorganisation, Guy Hachey, head of the aerospace business, will retire.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here