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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by fireintheholeon Feb 03, 2009 1:39pm
403 Views
Post# 15748612

Might General Motors exit Canada?

Might General Motors exit Canada?

CAW worried GM may pull out of Canada

The Canadian Press

Tuesday, February 03, 2009

TORONTO — Leaders of the Canadian Auto Workers union are using increasingly conciliatory language as they await word from General Motors on the fate of the company's Canadian operations.

CAW Local 222 president Chris Buckley says he's concerned that the company may pull out of Canada entirely, which he says would affect about 12,000 workers and hundreds of thousands of indirect jobs.

Mr. Buckley says he's concerned GM may escalate its Canadian cutbacks after the company's board of directors wrap up a meeting in Detroit today.

He also says it doesn't bode well that estimated U.S. auto sales figures released Monday showed a 39 per cent drop for GM, making it 14 consecutive months that sales are down.

Mr. Buckley says he wants to speak with GM officials as soon as possible to pass on that the union is willing to be part of the solution.

The union is continuing to press the federal government to supply GM with guaranteed loans, as long as they're conditional on the company maintaining operations in Canada.

“As a union it makes no sense to ignore this crisis, we understand this is a terrible situation and if we choose to ignore this crisis there's a possibility General Motors would pull out of Canada,” Mr. Buckley said in an interview.

“We're not about to give them a reason to pull out of Canada.”

While Buckley was once hard-nosed and talked tough in seeking demands from the Detroit Three auto makers, he has been forced to soften his stance in light of the current economic climate.

Federal Industry Minister Tony Clement has also said auto makers should be reducing labour costs to make the Canadian auto industry more competitive.

“We haven't closed the door on anything just yet,” Mr. Buckley said of the concessions the union is willing to make.

The union is now waiting for the phone to ring so they can advance talks with GM.

“At this point, I can tell you if we choose to ignore this crisis, it will put us in a very difficult position as far as (GM) having a Canadian presence,” he said.

“I would suspect after their board meeting they'll have their restructuring plan put in place and hopefully Canada's a part of it.”

© Canadian Press

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