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Bombardier to Cut 5,000 Jobs


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Bombardier announced on Thursday that it intends to cut approximately 5,000 positions across the organization as part of a plan to “further streamline, lean out and simplify the company.” The staff reductions will take place over the next 12 to 18 months and Bombardier says it expects the move will save the company around $250 million annually by 2021.

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