Bombardier lays off 1,700 to save cash after plane delays - - TopicsExpress

Bombardier lays off 1,700 to save cash after plane delays - Bombardier Inc. (TSE:BBD.B), the worlds only manufacturer of both planes and trains, slumped in midday trade after saying it will lay off 1,700 employees in its aerospace division. The shares fell 3.4 percent to C$3.97 at 3:11 p.m. in Toronto, extending this years losses to 13 percent. The Montreal-based company told employees that cuts are required due to delays in the launch of new planes and tough market... ow.ly/2D8L2s

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