Bombardier cutting 5,000 jobs, selling Q400 and flight training programs

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MONTREAL – Bombardier Inc. announced Thursday it will shed 5,000 jobs company-wide and sell off two units as part of chief executive Alain Bellemare’s five-year plan to rein in costs, focus on rail and business jets and reduce the net long-term debt of $9 billion.

About 2,500 Bombardier workers will be laid off in Quebec and 600 in Ontario, with the 2,000 other cuts occurring overseas, according to a spokesman, who did not specify the units.

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