Business jet maker Bombardier cuts 2,500 jobs

Demand for business jets has dried up during the Covid-19 pandemic. A precipitous drop in orders prompted aircraft maker Bombardier to announce it is cutting 2,500 jobs, mostly in Canada, its home base. Business jet deliveries are expected to fall 30% this quarter, Bombardier said Friday. "Bombardier must adjust its operations and workforce to ensure that it emerges from the current crisis on solid footing," the company said. It will take a charge of C$40m to cover the costs of the layoffs. <br/>