Aerospace and transportation giant Bombardier is slashing 5,000 jobs globally in the wake of disappointing earnings.
Bombardier also announced that it will be selling its Q400 aircraft program and de Havilland trademark to a subsidiary of Longview Aviation Capital.
The Q400, which Porter flies, is made at Downsview.
The job cuts will take place across Canada over the next 12 to 18 months.
The company said it is “exploring strategic options” for the CRJ regional-jet program.
No word on what it means to Waterloo Region's already delayed LRT launch.
#BREAKING - Bombardier planning to cut 5,000 jobs across its operations over the next 12-18 months. The announcement comes as the company reported weaker than expected Q3 revenue numbers. https://t.co/d2YmGbbZCy— Richard Southern (@richard680news) November 8, 2018