Triumph Group To Consolidate Following $1 Billion Loss

Credit: Global 7000: Bombardier
Triumph Group recorded more than $1 billion in losses for its 2016 fiscal year and has announced plans to reduce its square footage by 24% and its workforce by 8% over the next year. Part of the losses were due to charges taken on the Bombardier 7000/8000 and Boeing 747-8 programs. Triumph, based in...

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