BOMBARDIER PLANS 10 PERCENT CUT IN BIZJET PRODUCTION, 1,360 LAYOFFS
Bombardier plans to deliver 10 percent fewer business jets in its fiscal 2009/10, blaming the global economic slowdown for an “unusual level” of order deferrals and cancellations. Learjet and Challenger production rates will be reduced, resulting in the loss of 1,360 jobs, or 4.5 percent of the...
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