Canada's Bombardier Aerospace said Thursday it is cutting 3,000 jobs, or about 10 percent of its work force, because the demand for its business aircraft has deteriorated rapidly and is expected to remain weak for the foreseeable future.
The company said it now expects to deliver approximately 25 percent fewer business aircraft this fiscal year.
The layoffs are in addition to the 1,360 job cuts announced Feb. 5 when Bombardier adjusted the production rates of its Learjet and Challenger aircraft.