Flight simulator manufacturer CAE Inc. is cutting approximately 280 jobs — about two per cent of its global workforce — with nearly two-thirds of those positions concentrated in Quebec, primarily around its Montreal headquarters. Spokeswoman Samantha Golinski confirmed the layoffs align with a transformation plan introduced by CEO Matthew Bromberg. CAE is also reviewing operations at training centres in Brussels, Stockholm, and Barcelona for potential sale. The company is offering early retirement and a work-sharing program to some Montreal factory employees as it responds to slowing demand for air travel and commercial pilots.
In-Depth:
CAE Inc. states it is laying off two per cent of its workforce as the flight simulator creater gears down ahead of anticipated spfinishing cuts by commercial airlines.
The company states nearly two-thirds of the roughly 280 positions affected are in Quebec, mainly in the Montreal area where it’s headquartered.
Spokeswoman Samantha Golinski states the cuts support a transformation plan first unveiled last year by new chief executive Matthew Bromberg.
CAE has also launched a review of operations at three training centres in Brussels, Stockholm and Barcelona, Spain, with an eye to selling the facilities, though no decisions have been built.
The company is offering early retirement to some employees and a work-sharing program for staff on the factory floor in Montreal.
In November, the CEO rolled out the first steps of a transformation program that seeks to clamp down on costs amid slowing demand for air travel and commercial pilots, among other measures.
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