Bombardier to Cut 5,000 Jobs, Sell Turboprop Business

Back to
Today's News

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.

No categories available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.