Bombardier to suspend work at Canadian plants amid virus fallout
Bombardier Inc. will suspend most work at its Canadian plants at 11:59 p.m. ET Tuesday in compliance with Ontario and Quebec’s crackdowns on non-essential services, the company confirmed in a press release. The suspension will remain in place until Apr. 26.
The move will result in temporary layoffs, though Bombardier did not disclose the number of affected employees. A source told BNN Bloomberg the closures mean thousands of layoffs, impacting the "vast majority" of the company's aerospace workers.
Bombardier said its senior leadership team will forgo pay during the furlough period affecting staff.
The plane maker also withdrew its 2020 financial targets “as it evaluates the impact of temporarily closing its Canadian operations, as well as other actions being taken in response to the COVID-19 pandemic,” the press release stated.
BNN Bloomberg earlier reported about the planned closures and layoffs, as well as one Bombardier employee’s positive COVID-19 diagnosis.