Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19
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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.
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JOB CONCERNS:
— Mall operator CBL & Associates warned Friday in a regulatory filing that there’s “substantial doubt” that it will be able to continue as a going concern, citing the financial impact of the coronavirus on its store tenants. The warning comes after it skipped an interest payment of $11.8 million that was due June 1. It has a 30-day grace period before it goes into default. CBL has 108 mall properties across 26 states.
— Bombardier Aviation is reducing its workforce by about…
Source news reuters.com, click here to read the full news.
