Reading Time: 3 minutes Bombardier today reported its third quarter 2016 results and highlighted solid performance executing its turnaround plan. “We continue to gain momentum as we execute our turnaround plan and transform our company,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In the third quarter, we again delivered on our financial commitments, we achieved our […]

Reading Time: < 1 minute Bombardier has announced a further round of job cuts with 7,500 positions to go, about two-thirds from the German train division, the rest from aerospace. The company expects to achieve recurring savings of approximately USD$300 million by the end of 2018, it said in a statement. Bombardier will take USD$225 million to USD$275 million in […]

Reading Time: < 1 minute Canadian aviation giant Bombardier announced Wednesday it was cutting more than 10 percent of its workforce as the company undergoes major restructuring through next year. The 7,000-job reduction of the global workforce “will be partially offset by hiring in certain growth areas,” Bombardier said as it released financial results. Bombardier also announced it has signed […]