Bombardier is cutting 5,000 jobs over 18 months and selling company assets to save hundreds of millions of dollars. The so-called restructuring plan to get out of a massive debt hole comes despite the company reporting a near $150 million profit in its last quarter.
https://www.mywestnipissingnow.com/24801/before-the-bell-bombardier-announces-massive-layoffs-and-asset-sale-us-feds-meet-to-talk-interest-rates/