Floundering Flyer lays off 100

Bus maker’s sales plummet, outlook dismal

New Flyer Industries has cut its Winnipeg workforce by about 100 people after bus sales took a steep decline in the fourth quarter last year.

The Winnipeg company’s prospects for 2011 are also grim. It is forecasting a 13 per cent decline in overall North American bus purchases this year, even worse than projections only one quarter ago.

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