October 21, 2016 / 9:27 AM / a year ago

BRIEF-Bombardier to cut about 7,500 jobs

Oct 21 (Reuters) - Bombardier Inc

* Bombardier confirms progress on turnaround plan; announces initiatives to ensure competitiveness and improve margins

* Says to cut about 7,500 jobs

* Bombardier says expects related recurring savings of about $300 million by 2018-end; expects to record $225 million to $275 million in restructuring charges Further company coverage:

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