NEW YORK (AP) — Bombardier says it is cutting approximately 7,000 jobs, or about 11 percent of its total workforce.
The company said the 7,000 job cuts will include production and non-production employees, with 2,000 of the positions being contractors. It has 64,000 employees globally.
Bombardier Inc. has been modifying production rates for some of its aircraft and said it is adjusting its workforce to meet market demand. In addition, aerospace development programs and projects are slowing down as expected, so employee levels are being looked at to match future workloads.
At the same time, it says it will hire for other positions in growing areas of its business. Bombardier Inc. plans to hire for its C Series aircraft program and other areas.
Bombardier said Wednesday that the job cuts and hirings will occur in 2016 and 2017.