Bombardier Aerospace to cut 2,000 jobs
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Bombardier Aerospace said on Thursday it will cut about 2,000 jobs at its Montreal-area and Belfast operations and the severance costs linked to the layoffs will affect current year results.
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.Comment
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Airbus plans to cut 5,000 jobs and  axe another 5,000 filled by contractors, bringing total job  cuts in its plants to 10,000 while limiting the impact on its  own workforce, industry sources said on Tuesday.
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Canadian trains and planes manufacturer Bombardier Inc. fired its chief executive officer on Monday and its share price dropped to record lows.
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TORONTO - Bombardier Inc. , the world's third-biggest aircraft maker, urged airlines to ground 60 of its Q400 turboprops after a second landing gear failure in a week.
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Alaska Air Group Inc. announced Thursday that it will eliminate about 900 jobs over the next year -- nearly 200 in the Seattle area -- as it joins other major US airlines in making deep payroll cuts.
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Cosmetics giant Avon is to cut 2,400 jobs as part of its multi-year restructuring programme.
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Canada's Bombardier Inc, the world's third-largest maker of civil aircraft, does not expect a large impact on earnings from problems with its Q400 turboprop that have affected airlines globally, a company official said on Friday.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO: Quote, Profile, Research) as its regional aircraft business lagged a rebound
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French insurance firm AGF, part of  Germany's Allianz , is planning to cut between 1,500  and 2,000 jobs, a newspaper reported on Saturday, and the  company said it was consulting with staff on boosting  competitiveness.
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Bombardier Inc. (BBDb.TO: Quote, Profile, Research) plans to cut 2,200 more jobs at its train-making unit and further trim the production rate for its 50-seat regional
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   59 U.S. branch offices over the next year in order to cut   costs.
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Goldman Sachs Group  and Credit  Suisse Group  on Friday said they will cut about 2,000  job worldwide as a credit crisis puts a damper on fixed-income  trading and corporate dealmaking.
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Air Canada has signed an agreement with Bombardier Aerospace for up to 90 Bombardier CRJ airplanes, officials said Monday. Bombardier makes Learjet business jets in Wichita and flight tests all its aircraft here.
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Canadian train and plane manufacturer Bombardier Inc fired its chief executive officer on Monday and its share price dropped to record lows.
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Papermaker and forest products company Svenska Cellulosa AB said Tuesday it would cut 1,200 jobs, or 2.4 percent of its overall work force, as it seeks to cut costs amid competition from rivals and declining demand. Most of the job losses will be at plants in France and the Netherlands.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N said on Thursday it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.