• Canadian plane- and train-making giant Bombardier is firing 5,000 employees and just sold off one of its most famous assets for $300 million

    7 days ago - By Business Insider

    Bombardier announced a major overhaul of its business on Thursday that includes the sale of more than $900 million in assets and the loss of 5,000 jobs as part of its third-quarter earnings report.
    The company sold its Q Series turboprop airliner business to Viking Air for $300 million and its business aircraft flight and technical training business to CAE for $645 million.
    The deals are expected to net the company $900 million.
    The company will also lay off 5,000 employees over the next 12 to 18 months.
    Canadian industrial giant Bombardier announced a major overhaul of its business on...
    Read more ...

     

  • Canadian plane- and train-making giant Bombardier is firing 5,000 employees and just sold off one of its most famous assets for $300 million

    Canadian plane- and train-making giant Bombardier is firing 5,000 employees and just sold off one of its most famous assets for $300 million

    7 days ago - By Business Insider

    Bombardier announced a major overhaul of its business on Thursday that includes the sale of more than $900 million in assets and the loss of 5,000 jobs as part of its third-quarter earnings report.
    The company sold its Q Series turboprop airliner business to Viking Air for $300 million and its business aircraft flight and technical training business to CAE for $645 million.
    The deals are expected to net the company $900 million.
    The company will also lay off 5,000 employees over the next 12 to 18 months.
    Canadian industrial giant Bombardier announced a major overhaul of its business on...
    Read more ...