December 4, 2023

Bombardier to lay off 1,600 staff as it stops making luxury Learjets

Bombardier said on Thursday it would halt Learjet aircraft production and slash about 1,600 jobs this year as it becomes a pure-play business jet maker, after reporting an adjusted loss before interest and taxes for the fourth quarter due to Covid-19.

After flagging likely layoffs in November, Montreal-based Bombardier announced further cost-cutting efforts to generate…

Last Updated on 3 days by Ameer Hamza

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