Bombardier to sell off units for $900 million, to cut 5,000 jobs
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(Reuters) - Bombardier Inc said on Thursday it would sell two of its units for $900 million (687.5 million pounds) and cut about 5,000 jobs, as the Canadian plane and train maker reins in costs and focuses on its core transportation and business jet units.The moves come at a time when the company is working through a five-year restructuring program through 2020 aimed at growing revenue and profit. Earlier this year, Bombardier sold a majority stake in its money-losing CSeries to Europe's Airbus..