Originally published November 9, 2009 at 12:55 PM | Page modified November 9, 2009 at 1:35 PM

Bombardier expects production cuts

Bombardier's CEO says employees should expect additional aircraft production cuts that may lead to more layoffs as the plane and train maker adjusts to dwindling demand.

The Associated Press

MONTREAL —

Bombardier's CEO says employees should expect additional aircraft production cuts that may lead to more layoffs as the plane and train maker adjusts to dwindling demand.

The Montreal-based manufacturer has already announced 4,400 layoffs this year because of lower demand for its business and regional jets.

The lack of orders will force the company to consider increasing that number, CEO Pierre Beaudoin told reporters Monday after addressing the Canadian Club of Montreal.

Bombardier is the world's third-largest aircraft manufacturer.

Details of the changes will be announced before the end of January. The company discloses its third-quarter results on Dec. 3.

Beaudoin says it's a tough market for commercial aircraft.

E-mail article Print Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments