Bombardier to cut 5,000 jobs over the next 12 to 18 months as part of a new restructuring plan

The cuts are expected to lead to about US$250 million in annualized savings by 2021. The company also announced the sale of what it called 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. (www.airlive.net) Más...