Bombardier posts higher profit but plans 3,000 layoffs
Bombardier Aerospace's EBIT soared 62.8% to $896 million for its fiscal year ended Jan. 31 from $563 million in the prior fiscal year on a 3.1% rise in annual revenues to $10 billion. However, the improvement was overshadowed by an announcement yesterday that the company "is revising downward all of...
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