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article imageBombardier Aerospace Announce Steep Job Cuts

By Bob Ewing     Feb 5, 2009 in Business
Bombardier Aerospace is cutting 1,360 jobs due to today's uncertain economic climate. The cuts equal approximately 4.5 per cent of its workforce.
The cutbacks at Bombardier Aerospace are not a surprise to industry watchers as the company has been faced with a greater-than-usual level of deferrals and cancellations for business jets.
Bombardier Inc. is slashing 1,360 jobs, or about 4.5 per cent of its total aerospace work force.
Bombardier Aerospace is not the only private jet maker facing difficult times as several rival makers of private jets – including Hawker Beechcraft, in which Toronto-based Onex Corp. has a major stake – have announced slowdowns recently.
Bombardier Aerospace president and chief operating officer Guy Hachey in a news release this morning said the company anticipates “more volatility in the short term. The fundamentals of Bombardier Aerospace are solid, but we expect we will face more challenges this year.”
Bombardier Aerospace spokesman Marc Duchesne would not comment on whether the company might be forced to make more production cuts over the next few months; however, he did say Bombardier remains “confident in the industry in the medium and long-term.”
The cuts were announced earlier today and relate to Bombardier's Learjet and Challenger business jet programs and will affect workers in Montreal, Wichita, Kan. and Belfast.
The layoffs will affect 1,010 temporary workers or subcontractors and 350 permanent employees, out of about 30,000 worldwide.
The company has received net orders for 262 business jets in the year ending Jan. 31, 2009, compared with 452 in the previous fiscal year.
The layoffs will be partly offset by the hiring of new workers for Bombardier's newly launched long-range jet – dubbed the C Series – and for its Learjet 85 program.
The company is still seeking more than 600 permanent new positions related to the two jet programs and Bombardier is also looking for about 230 interior completion specialists for its Global private jet finishing centre in Montreal.
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