|Bombardier’s Global 5000 aircraft. Photo: Bombardier Business Aircraft
[Avionics Today 05-14-2015] Bombardier Business Aircraft has announced it will reduce its production rate for Global 5000 and Global 6000 aircraft. The company attributed current economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, to have impacted order intake levels industry-wide. This latest announcement follows the manufacturer’s decision to “pause” production on the Learjet 85 as well as management shake-ups for the troubled company.
Approximately 1,750 employees — up to 1,000 in the Montreal region, up to 480 in Toronto, and up to 280 in Belfast — will be progressively affected at various stages of the Global 5000 and Global 6000 production cycle. Personal reductions will begin in June 2015 and continue progressively through the first quarter of 2016.
"Bombardier constantly monitors the market and adjusts to trends and opportunities. Despite this short-term softness in international markets, we are well positioned to be the market share leader in the segments where we compete," said Eric Martel, president of Bombardier Business Aircraft.