Bombardier to Cut 5000 Jobs and Sell Units in Restructuring

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The shake up of Bombardier Inc., a Canadian plane and train maker, gained pace Thursday with the company announcing another 5,000 job cuts and a decision to shed its turboprop plane-making and pilot-training units.

Bombardier has been under financial pressure for several years after a big bet to battle plane-making giants Boeing Co. and Airbus SE with a brand-new single-aisle jetliner ran into trouble.

The…

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