•   
  •   
  •   

MoneyBombardier cutting about 5,000 jobs

16:28  08 november  2018
16:28  08 november  2018 Source:   msn.com

A company says Meghan Markle created up to 30 new jobs just by wearing a pair of jeans — and it proves the 'Markle Effect' is real

A company says Meghan Markle created up to 30 new jobs just by wearing a pair of jeans — and it proves the 'Markle Effect' is real Meghan Markle was recently spotted in a pair of Outland Denim jeans, and the company says the spike in sales has helped them hire 15 to 30 new people.

Quebec aerospace giant announced today it's shedding 7000 jobs -- but it also announced Air Canada is buying dozens of its new CSeries jets. Click here for

Decision will affect 1,350 UK workers as company blames job losses on economic conditions.

Bombardier cutting about 5,000 jobs© Provided by thecanadianpress.com Flags fly outside a Bombardier plant in Montreal, Thursday, May 14, 2015. MONTREAL - Bombardier Inc. announced Thursday it will cut about 5,000 jobs across the organization over the next 12 to 18 months as part of a new restructuring plan.

The cuts are expected to lead to about US$250 million in annualized savings by 2021.

The company also announced the sale of what it called a number of non-core assets.

Bombardier has struck a deal to sell its Q Series aircraft program and de Havilland trademark to a subsidiary of Longview Aviation Capital Corp. for about US$300 million.

It also announced the sale of its aircraft's flight and technical training business to CAE, and the monetization of royalties for about US$800 million.

‘Odd Jobs’: From tasting chocolate to rebuilding dinosaurs — a look at some of Canada’s most unique jobs

‘Odd Jobs’: From tasting chocolate to rebuilding dinosaurs — a look at some of Canada’s most unique jobs Some of the jobs seem too good to be true.

Bombardier , one of the world's leading train and plane manufacturers, is cutting 7, 000 jobs . The Canadian company employs roughly 74, 000 people worldwide, which means the company is slashing nearly 10% of its workforce. Most of the job cuts will take place in Canada and Europe.

Bombardier cuts 7000 jobs . Laidoff TV. Загрузка

"With our heavy investment cycle now completed, we continue to make solid progress executing our turnaround plan," Bombardier chief executive Alain Bellemare said in a statement.

"With today's announcements we have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio."

The changes came as Bombardier reported a profit of US$149 million or four cents per share in its latest quarter, compared with a loss of US$100 million or four cents per share in the same quarter last year.

Revenue in what was the company's third quarter totalled $3.64 billion, down from $3.84 billion a year ago.

On an adjusted basis, Bombardier said it earned four cents per share in the quarter compared with a break-even result in the third quarter of 2017.

Surgeons are complaining students lack flexible fingers due to phones

Surgeons are complaining students lack flexible fingers due to phones To the list of things that young people can’t do anymore because of their smartphones, add becoming a surgeon. 

MONTREAL – Bombardier said Friday it plans to eliminate 7,500 positions – more than 10 per cent of its global workforce – through the end of 2018, the company’s second mass round of layoffs in less than a year.

Bombardier will also cut 270 management and contractor jobs at its trains business in the UK, with 44 permanent positions to go. Bombardier also forecast lower revenues for 2016, saying it expects to generate between . 5 bn and . 5 bn. The 7, 000 posts to be cut will include 2, 000 contractors, and

Longview Aviation, the parent company to Viking Air Ltd., said once it completes its deal with Bombardier it will become North America's largest commercial turbo-prop aircraft manufacturer.

The agreement includes the entire Dash 8 program, including the 100, 200 and 300 series and the in-production Q400 program.

"The Dash 8 turbo-prop is the perfect complement to our existing portfolio of specialized aircraft including the Twin Otter and the Canadair CL 215 and 415 series of water bombers," Longview Aviation chief executive David Curtis said in a statement.

Companies in this story: (TSX:BBD.B)

Follow @MSNMoneyCanada on Twitter.

Amazon places split 'HQ2' in New York, Northern Virginia.
Amazon places split 'HQ2' in New York, Northern Virginia

—   Share news in the SOC. Networks

Topical videos:

This is interesting!