Business-jet production cuts appear to be paying off - VideoTORONTO Bombardier Inc.s decision to curtail production of its largest business jets one year ago appears to be paying off, with the aircraft holding significantly more of their value than the competition. In May 2015, Bombardier announced that it would lay off approximately 1,750 workers as part of an attempt to better match production of the Global 5000 and 6000 with customer demand. In particular, economic weakness and instability in China, Russia and Latin America was hurting order intake for the ultra-long-range private jets. ************************ https://business.financialpost.com/news/transportation/bombardiers-business-jet-production-cuts-appear-to-be-paying-off-exec-says