Montreal-based Bombardier is cutting another 7, 500 jobs globally over the next two years.
The plane and train maker says this second wave of cuts, designed to save about US$300 million a year, is part of its plan to return to profitability by 2020.
The cuts includes about 2, 000 job losses across Canada.
The latest announcement is on top of 7,000 positions being axed by the end of 2017.
The losses will be partially offset by more than 3,000 “strategic” hirings as Bombardier ramps up production of its CSeries commercial jet and new Global 7000 business aircraft.
It’s also delivering rail contracts to customers like the Toronto Transit Commission.
The manufacturer has been struggling because of heavy spending on new aircraft, a slowdown in business jet demand, and production challenges for its railway products.