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Bombardier says it will cut 2,500 aviation jobs over COVID-19 impacts

Canada covid-19 coronavirus canada Bombardier Coronavirus
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Bombardier says it will lay off 2,500 workers from the aviation side of the company because of the coronavirus pandemic’s impact on its markets.The transportation firm said the majority of the reductions will impact manufacturing operations in Canada and will take place progressively throughout the year.

Bombardier says it has to adjust its operations to ensure it emerges from the COVID-19 crisis in a strong position.[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]It says industry-wide business jet deliveries are forecast to be down by 30 per cent year-over-year due to the pandemic.The Montreal-based company says it expects to record a special charge of $40 million in 2020 as a result of the cuts.It says further.

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COVID-19
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India
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