Bloomberg reported that Bombardier cash-flow forecasts are dismal. The aircraft manufacturer announced plans to cut 5,000 jobs and sell its turboprop and training businesses.
A plummeting of Bombardier’s stock caused doubts as to CEO Alain Bellemare’s ability achieve a successful turnaround of the debt-laden company, according to Bloomberg.
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One Reply to “Bombardier to Cut 5,000 Jobs, Sell Turboprop Business”
I would have thought the Airbus / Bombardier partnership would have shored up Bombardier’s financial situation