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BOMBARDIER AEROSPACE REDUCES WORKFORCE BY 2000.
AsiaPulse News, October, 2004
Tags: aerospace, Bombardier Inc., workforce
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(Full text of this release can be found at www.businesswire.com)
MONTREAL--(BUSINESS WIRE)--Oct. 7, 2004 - Product Diversity, Recovering Business Aircraft Market Mitigate Impact on Level of Employment.
Bombardier Aerospace (TSX:BBD.A) (TSX:BBD.B) announced today that it is aligning the production rates of its Bombardier CRJ Series aircraft with current and forecast market demand. This will result in a total workforce reduction of approximately 2,000 employees at its Montreal-area facilities and at its Belfast site over a nine-month period starting November 2004.
Severance costs associated with these layoffs will total approximately $26 ...
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