RE:RE:RE:RE:Putting more pressure on Ottawa......StandupAndSee wrote: Yes I agree but maybe all that is part of the negociation plan. They know they will have to discuss with the Union. They need layoffs but they need also negociation margins to be able to do them. That's why I think they will be at the end maybe less than announce (but being planed)!
Midgetwhacker wrote: As Mr. Shareholder, im happy they are reducing workforce. The high powered unions in bbd are killing margins. These layoffs were part of the discussion with the CEO last quarter. This is no suprise to me. And is very warranted.
StandupAndSee wrote: Don't want to play with the devil but I would even suspect that everything is actually planed in advance. The Fed need mostly good reasons to give money to Bombardier especially in the current context. So it could be like: I say I will cut thousands of jobs then Super Fed Hero arrive with the money to save them! Hum, clever!
Roverthing wrote: By announcing many thousands jobs to be cut in Canada soon, BBD is putting much more pressure on Ottawa now. Ottawa seems to be glad of the big order announced today and I am pretty sure they will invest a big amount here soon, I guess we will hear about that in 2 to 3 weeks from now. GLTA IMO
Expect american media in the morning to say that ac shares are down because of the bbd purchase. It isnt true.
The reason i love air canada is this:
“To be very blunt, we’re not running this company for the benefit of short-term investors from a day-to-day basis or from a month-to-month basis,” Mr. Rovinescu said.
“We’ll see what the stock price does. If short-term investors don’t like this, I can encourage them to leave. We’re running this company for the benefit of our long-term stakeholders.”
Calin Rovinescu
Ill buy that.