Another blow for Bombardier, the Montreal-based manufacturer of planes and trains.
The company has announced it’s trimming another 7,500 jobs globally over the next couple of years, in efforts to save about $300M a year and restore profitability by 2020.
Those cuts include about 2,000 jobs in Canada.
However the losses will be partially offset by roughly 3,700 “strategic hirings” as the company boosts production of the CSeries commercial jet, and fulfills rail contracts to customers, including the TTC.
The latest announced cuts are on top of some 7,000 positions it already planned to eliminate by the end of next year.