November 21, 2018 / 3:30 PM / a year ago

BUZZ-Bombardier: shares up, co cuts 490 jobs at Belfast plant

** Canadian plane and train maker’s shares rise ~8 pct to C$2.30, top gainer on Toronto Stock Exchange

** Co cuts 490 jobs at its wing-making plant in Belfast

** Layoffs part of previously announced plans to cut 5,000 jobs

** Shares had plunged 44 pct on Friday after Canadian province Quebec’s securities regulator asked co to halt executive share sales plan

** Shares recouped from losses and rose 19 pct on Monday after Citi called the regulatory investigation “routine”

** Stock has lost 24 pct of its value so far this year (Reporting by Arundhati Sarkar in Bengaluru)

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