Bombardier to cut 2,500 aviation jobs as COVID-19 hurts sales

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FILE PHOTO: Bombardier’s logo is seen on the building of the company’s service centre at Biggin Hill, Britain March 5, 2018. REUTERS/Peter Nicholls/File Photo

(Reuters) – Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs at its aviation unit and take a related charge of $40 million this year, as the COVID-19 pandemic hurts sales.

“Now with business jet deliveries, industry-wide, forecasted to be down approximately 30% year-over-year due to the pandemic, Bombardier must adjust its operations and workforce to ensure that it emerges from the current crisis on solid footing,” the company said.

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The company is in the process of selling its rail business to French TGV high-speed train maker Alstom for up to 6.2 billion euros ($7.02 billion), and said last month that the deal has not been affected by the coronavirus crisis.

Reporting by Ankit Ajmera in Bengaluru; Editing by Ramakrishnan M.


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