Bombardier Aviation reducing workforce by 2,500
Bombardier Aviation on June 5 announced plans to reduce its workforce by approximately 2,500 employees. The Montreal company describes the move as being necessary to align with the current industry interruptions and challenges caused by COVID-19.
In making the job-cut announcement, Bombardier also points to forecasts projecting worldwide business-jet deliveries will be down approximately 30 per cent year-over-year due to the pandemic.
A majority of its approximate 2,500 job reductions will impact manufacturing operations in Canada and will be carried out progressively throughout 2020. Bombardier notes its worldwide customer service operations have continued to operate largely uninterrupted throughout the pandemic.
Bombardier expects to record a special charge of approximately $40 million in 2020 for this workforce adjustment.