Canada aviation firm Bombardier to cut 1,800 jobs in restructuring plan
July 25, 2014, 12:05 am TWN
MONTREAL -- Canada's Bombardier will cut 1,800 jobs, the troubled aviation giant announced Wednesday in a major reorganization.
"This marks another step in Bombardier's evolution," said Pierre Beaudoin, the company's president and chief executive officer, who said the overhaul, to be completed by January 1 of next year, would reduce costs and overhead.
A spokeswoman for the Montreal-based company, Isabelle Rondeau, confirmed for AFP the size of the cuts.
Beaudoin said in his press release that the reorganization — in particular of the company's Aerospace branch — "will enable us to be more agile and flexible in addressing customer needs, while increasing our focus on growth areas."