Canada’s Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on 
Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions.
Bombardier, which manufactures planes and trains, also sought to allay worries about the pace of its cash burn after posting higher revenues but lower net income.
Bombardier is in talks with Russian state-owned industrial and defense conglomerate Rostec to open a manufacturing facility for the Canadian firm’s Q400 turboprop jet.
The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
“We’re working hard to get to an agreement, so what’s going on in Russia has not affected our commercial discussions,” Chief Executive Pierre Beaudoin. “This is a situation that evolves every day.”
via UPDATE 2-Bombardier plans more job cuts, Russia plans intact | Reuters.
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