Tag: jobs reduction

Bombardier Looks to Shed 5,000 Positions Worldwide

Reading Time: 1 minute In the wake of the Canadian plane and train maker’s announcement on November 8 and last weeks free cash flow forecast which sent Bombardier shares tumbling, it has been announced that 490 jobs of the 4,000-strong workforce based across four locations in Northern Ireland is to be cut. The Belfast-based operation, previously known as Shorts, […]

Lufthansa to Eliminate 700 Jobs at Engine-Maintenance Division

Reading Time: 1 minute Deutsche Lufthansa AG’s plane-servicing business is cutting 700 engine-maintenance jobs as new, low-maintenance engines and fresh competitors put a dent in earnings at its most profitable unit. Most of the cuts will come at Lufthansa Technik’s Hamburg site, which employs 1,800 people, spokesman Jens Krueger said by phone. The unit has 2,000 workers throughout Germany. […]