Newspaper article The Canadian Press

Bombardier Hands out Pink Slips, as Part of Effort to Cut 7,000 Workers

Newspaper article The Canadian Press

Bombardier Hands out Pink Slips, as Part of Effort to Cut 7,000 Workers

Article excerpt

Bombardier hands out pink slips to workers

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MONTREAL - Bombardier handed out pink slips Friday to aerospace employees in Montreal as part of its efforts announced in February to trim 7,000 workers over two years.

The Montreal-based company declined to say how many workers were being affected by the latest layoff notices, how many cuts have already been made, or what aircraft programs are being affected.

Mark Masluch, spokesman for Bombardier business jets, said the layoffs are a continuation of the "workforce optimization" plan being implemented across the company.

Bombardier (TSX:BBD.B) has said that up to 2,000 of the cuts, mainly in Canada and Europe, will be contractors.

Masluch said the company has taken time to ensure it can meet commitments to customers, and to evaluate how many of the job cuts can be mitigated by retirements or other efforts. …

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