Canadian
flight simulator
firm
CAE Inc.
is cutting two per cent of its global workforce as part of a
restructuring
put forward by its new leader.
Chief executive Matthew Bromberg, appointed in August with a mandate to double profits over the next three to four years, told employees in a letter that CAE must take “several necessary steps” to respond to market changes. Demand has softened in parts of its
civil aviation business
, but geopolitical instability is opening up opportunities for its
defence and security unit
.
“These factors require us to better align our cost base, footprint, and capacity with current conditions,” Bromberg said in the letter seen by Bloomberg News.
The cuts affect about 280 roles
in total, spanning contracts, procurement and technical areas. An early retirement program will be offered in Canada.
Montreal-based
CAE has also begun reviewing operations at sites in Barcelona, Brussels and Stockholm. In the United States, it previously announced that it will close its Orlando Lee Vista and Broken Arrow facilities.
The global aviation industry has been hit by macroeconomic uncertainty and lower aircraft deliveries due to supply constraints. Plane groundings have also contributed to reducing pilot hiring and training activity, affecting demand for CAE’s services.
Bromberg, who joined CAE from Northrop Grumman Corp., launched a transformation plan to change CAE’s operations, shift capital allocation and boost performance. In February, the company said it will retire underperforming commercial airline simulators and identified several non-core assets, representing approximately eight per cent of revenue, that could be divested.
In May, CAE will provide an update on its business strategy, along with longer-range financial targets.
Bloomberg.com
https://www.youtube.com/watch?v=JsHFxTUkg-I
Flight training firm CAE cuts jobs ahead of May business update
2026-04-08 18:23:57
