Canadian plane and train makerBombardier, announced today that it will slash 5,000 jobs in a sweeping corporate restructuring plan over the next 12 to 18 months.
The Montreal-based company also announced the sale of what it called a number of non-core assets.
The company will sell itsQ Series aircraft program andde Havillandaerospace trademark to a subsidiary of Longview Aviation Capital Corp. for approximately $300 million along with its Business Aircrafts flight and technical training program to CAE for $800 million.
According to the press release, the changes comes as Bombardier reported a profit of US$149 million (or four cents per share) in its latest quarter, compared with a loss of US$100 million or four cents per share in the sa…
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