MONTREAL — Bombardier confirms it will cut 1,750 employees in Montreal, Toronto and Belfast over the coming months to adjust for weak demand for some of its business jets.
About 1,000 of the lost jobs will be in Montreal where Bombardier has its main operations while 480 are in Toronto and 280 are in Belfast.
The cuts will begin in June and continue until the first quarter of 2016.
Bombardier says it’s reducing production of its Global 5000 and Global 6000 aircraft, the largest of its business jets, to reflect conditions in some markets such as Latin America, China and Russia.
The president of its business aircraft division, Eric Martil, said demand has been soft across the industry.
“Despite this short-term softness in international markets, we are well positioned to be the market share leader in the segments where we compete,” Martel said in a statement.
Bombardier had said last week that is was planning another round of cost-cutting to adjust to weaker demand for business jets and warned layoffs were likely in Toronto and Montreal.
About 4,500 workers work at the Toronto assembly facility and Montreal completion centre.
In the first quarter of the year ended March 31, Bombardier saw its profits fall 13 per cent to US$100 million, or five cents per share.