Bombardier says it is cutting another 7,500 jobs around the world over the next two years, including about 2,000 across Canada.
The Montreal-based plane and train maker says the reductions designed to save about US$300 million a year are part of its plan to restore its profitability by 2020.
The cuts are on top of 7,000 positions it already planned to eliminate by the end of 2017.
The job losses will be partially offset by more than 3,700 strategic hirings as Bombardier ramps up production of its CSeries commercial jet and new Global 7000 business aircraft, along with delivering rail contracts to customers like the Toronto Transit Commission and Metrolinx.
Bombardier says it expects to record between US$225 million and US$275 million in restructuring charges starting in the fourth quarter.
The manufacturer has been struggling because of heaving spending on new aircraft, a slowdown in business jet demand and production challenges for its railway products.
It has received a US$1-billion investment in the CSeries from the Quebec government, sold a 30 per cent stake in Bombardier Transportation to Quebec's pension fund manager, the Caisse de depot, and has requested a US$1-billion infusion from the federal government.