The Canadian company Bombardier is to axe 2500 jobs from its Business Aviation division due to falling demand caused by the global coronavirus COVID-19 pandemic.
The firm announced the dramatic news on Friday morning, citing the poor current market conditions and predictions of a slimmer future, as demand is expected to drop across the whole sector.
"Bombardier will reduce its workforce by approximately 2,500 employees," the firm said in a statement, which for some staff was the first they knew of the plan to lay-off staff. most of the jobs will go from the manufacturing operations in Canada and will take place during the rest of this year. The firm has not ruled out more job losses to come.
With business jet deliveries across the whole industry, forecasted to be down by approximately 30% year-over-year, the Candian firm which has recently divested itself of most aviation aspects of its business, is having to adjust its operations accordingly.
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