Canadian jet maker Bombardier is to cut an estimated 1,750 jobs and reduce the production rate for its Global 5000 and Global 6000 business jets as a result of softening market demand.
In a statement published yesterday (May 14) the OEM confirmed it would be cutting up to 1,000 jobs at its Montréal site, 480 in Toronto and 280 in Belfast.
The first wave of redundancies is expected to be completed next month with job cuts set to continue through to Q1 2016.
Bombardier said economic conditions and geopolitical issues in regions including Latin America, China and Russia were contributing factors to a weaker market.
President of Bombardier Business Aircraft, Éric Martel said: “We have seen an industry-wide softness in demand recently in certain international markets and are taking steps to adjust our production accordingly.”
Bombardier has made a number of job cuts over the past year.
Last September the OEM cut 390 jobs and in February it announced that a further 130 agency and contract staff roles were to be cut at its Belfast site.