Aircraft
Global 5000/6000 Output Cut To Affect 1,750 Workers
Aviation analyst Rollie Vincent predicts Global 5000 and 6000 production will drop from the current 80 per year to about 55 next year.

Approximately 1,750 Bombardier Aerospace employees–up to 1,000 in Montreal, 480 in Toronto and 280 in Belfast–will be “progressively impacted” by the company’s May 14 announcement that it will reduce Global 5000 and 6000 production rates. The move is prompted by short-term “economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, [that] have affected order intake levels,” it said. Long lead times for aircraft outfitting mean that the “adjustment” won’t affect delivery rates this year.