RE:Hard time part 1 (french)
Translation: Potential scandal in South Korea, re. production of the business jet Learjet 85 in the United States. Profitability weakened, analysts increasingly suspicious, the company is facing headwinds. And locally, we just learned with dismay that the production of new cars for the subway of Montreal, in the factory of La Pocatiã¨re, would be suspended for six months (at least). The users long promised renewal of ancient original cars near 50 years old will inevitably suffer. The investors also: the nane, already lethargic, has plunged last week under the $3.For a company who reaped approximately $20 billion a year in income, it is miserable. The profits do not simply follow, and the analysts are concmrned about liquidity. Investors out of patience can always drop it. But the users of the products of Bombardier, themselves, have no other choice than to live with the ups and downs of the business.What is it that should be default for the subway cars? A serious delay in the delivery of an essential element, the automated control system and protection of trains. Despite the presence of operators on board, the Montreal metro is highly automated. But we must ensure, for example, that a train of should not leave a station if the preceding one is stuck at the next station.The subcontractor that provides the automated control system, the Italian firm Ansaldo (subsidiary of Alstom) has accumulated delays. Already, last October. Bombardier announced a delay of four months because of the shortcomings of delivery. The time limit reached six months now, and it was decided to suspend the manufacture of cars in La Pocatiã¨re to not be buried under the inventories that need to be stored. Approximately 150 employees will be temporarily laid off and placed on a recall list.