Bombardier reduces output, plans layoffs
Bombardier has cut aircraft production figures for the current 2001-02 financial period in reaction, it said, to the economic crisis sparked by the Septemb

Bombardier has cut aircraft production figures for the current 2001-02 financial period in reaction, it said, to the economic crisis sparked by the September 11 terrorist attacks on the U.S. In a September 26 press conference at its Montreal headquarters, the business jet maker also announced an initial 3,800 layoffs throughout its aerospace group and warned that 2,700 more jobs may have to go early next year if trading conditions do not improve soon.

Output for business and regional aircraft this year has been reduced to 370 units–a 10-percent cut on the projected figure of 410, but roughly the same number as were produced last year. Around 180 of this year’s output will be business aircraft–down from 203 last year. The production cuts have been made almost equally between the business and regional aircraft families.