Bombardier – 1,750 job cuts, 1,000 in Montreal and another 480 in Toronto

Bombardier Business Aircraft has announced it is cutting 1,750 jobs, including 1,000 in Montreal and another 480 in Toronto.

The Montreal-based company said that current economic conditions and political turmoil in Russia, China, and Latin America have impacted the entire industry and has meant the company has had to reduce its production of its Global 5000/ 6000 business planes.

The job cuts, which will also see positions slashed in Belfast, will begin in June and continue through early 2016. Those employees losing their jobs will be “progressively impacted” at various stages of the Global 5000 and Global 6000 production cycle.

Chosen excerpts by Job Market Monitor. Read the whole story at Bombardier confirms job cuts in Montreal, Toronto; cites weak demand for business jets | CTV News.