Bombardier to cut 5,000 jobs, sell units; share dive on cash flow worries

Credit: Firstpost- Published 2 weeks ago
By Allison Lampert and Nivedita Bhattacharjee (Reuters) - Bombardier Inc said on Thursday it would sell two businesses for around $900 million and cut 5,000 jobs and as it expands its stronger corporate jet and rail divisions, but the company's shares fell as much as 26 percent on a disappointing free cash flow forecast. The...

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