Bombardier Inc. says it will temporarily lay off 196 employees working on regional transit services in the Greater Toronto Area due to a steep decline in ridership numbers amid the COVID-19 pandemic.
The company said in an email the job cuts, effective June 21, amount to about 20 per cent of its workforce at GO Transit and the Union Pearson Express. Both rail services are owned by the Metrolinx transit agency, which contracts out operations to Bombardier.Commuting has plummeted as confinement measures shuttered businesses, triggered layoffs and prompted work-from-home policies.
Air passenger numbers have also plunged, with international traveller volumes falling 98 per cent year over year at Canadian airports last week, according to the Canada Border Services Agency. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
globebusiness Lots of empty GO trains still on the move.
globebusiness This is usually when their execs give themselves a raise using bail out money.
globebusiness Thoughts and prayers - English Canada - you know, you’re never ending well of cash......
globebusiness But pays CEO multi million dollar bonus
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