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 its business and regional jet production rates" and will cut approximately 3,000 jobs by year end. Of these, 1,831 will come from the ranks of unionized workers; 725 contract workers and 444 ...

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