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| Bombardier cuts 5,000 jobs globally | Bombardier cuts 5,000 jobs globally |
| (35 minutes later) | |
| Bombardier is cutting 5,000 jobs globally in a bid to "streamline" its operations. | Bombardier is cutting 5,000 jobs globally in a bid to "streamline" its operations. |
| The struggling Canadian plane and transportation manufacturer said the cuts would be made over the next 12 to 18 months. | The struggling Canadian plane and transportation manufacturer said the cuts would be made over the next 12 to 18 months. |
| It will also sell its Q Series aircraft programme for $900m (£687m) and the de Havilland trademark for $300m. | |
| It was unclear if jobs at Bombardier's UK operations, such as its Belfast headquarters, would be affected. | |
| The firm employs 69,500 people globally, including 4,000 in Belfast. | |
| "We have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio," said chief executive Alain Bellemare. | "We have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio," said chief executive Alain Bellemare. |
| Earlier this year, Bombardier sold a majority stake in its loss-making C-Series aircraft to Europe's Airbus, with the plane being renamed the A220. | |
| The announcement came as Bombardier unveiled its third-quarter results in which pre-tax profits doubled to $267m for the three months to September compared with the same period last year. | |
| It also forecast revenue growth of 10% in 2019 to at least $18bn. |