Adding to the announcement of sales of assets to Longview Aviation Capital, Bombardier has further announced that it is to cut 5,000 jobs as part of a restructure plan.
As part of a ‘restructuring’ plan, the aircraft manufacturer plans to optimise production and level management structures, which it hopes it will reduce indirect costs.
Bombardier has claimed that the restructuring plan will save $250m by 2021. The jobs are set to be lost over the next 12-18 months.
