Bombardier is cutting 5,000 jobs globally in a bid to “streamline” its operations.
The struggling Canadian plane and transportation manufacturer said the cuts would be made over the next 12 to 18 months.
It will also sell its Q Series aircraft programme for $900m and the de Havilland trademark for $300m.
It was unclear if jobs at Bombardier’s UK operations such as its Belfast headquarters would be affected.
“We have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio,” said chief executive Alain Bellemare.
Earlier this year, Bombardier sold a majority stake in its loss-making C-Series aircraft to Europe’s Airbus, which has been renamed the A220.