Tuesday 13 November 2018
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business-standard - 5 days ago

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

(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.

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