Defense Contractor Feels the Pinch
April 1 (Bloomberg) -- With shrinking defense budgets, contractors are feeling the pinch. On Bloomberg Government's "Capitol Gains," Hans Nichols talks with the CEO of Rockwell Collins, a maker of aircraft communications and electronic equipment. Clay Jones says shifting business to the commercial sector and looking to markets overseas isn't enough to stop his company from laying off hundreds of workers. (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
51:59 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)