Bombardier has announced it will reorganize its business structure and cut 1,800 jobs, also stating that the head of its aerospace division will retire. The Montreal-based company will separate its aerospace division into three segments focused on business aircraft, commercial aircraft, and aerostructures and engineering services. The three units, along with Bombardier’s rail-industry focused transportation unit, will all have separate heads reporting directly to CEO Pierre Beaudoin. As part of the restructuring, Bombardier Aerospace President and Chief Operating Officer Guy Hachey will retire. The restructuring is attributed partly to the ongoing delays experienced by the CSeries project. CEO Beaudoin said:
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