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Bombardier is laying off 1,700 employees Jan 21,2014 0 Comments

Bombardier is laying off 1,700 employees in its aerospace division, mostly in Montreal, as it steps up efforts to cut costs amid delays with two new aircraft and a tough market.

The company disclosed the decision to its workforce in an internal memo that says affected employees will be notified in the coming weeks, Bombardier spokeswoman Haley Dunne said Tuesday.

“We’ve been managing our costs over the past year and this is something we need to do now to continue to manage the business prudently,” she said in an interview.

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