Bombardier says it will lay off 1,700 workers

Bombardier employees and guests watch the CSeries aircraft taxi on the runway for its first test...

Bombardier employees and guests watch the CSeries aircraft taxi on the runway for its first test flight in Mirabel, Que., in this September 16, 2013 file photo. (REUTERS/Christinne Muschi)

QMI Agency

, Last Updated: 12:37 PM ET

MONTREAL — A delay in launching new planes means pink slips for 1,700 Bombardier employees, mostly in the Montreal area, the company told its workers Tuesday morning.

That's about 6% of Bombardier's aerospace workforce.

Shortly after the announcement, Bombardier stocks fell 1.5% to $4.05 on the TSX, approaching its lowest level in a year.


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