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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

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Post by sbot1915on Sep 15, 2017 8:49am
112 Views
Post# 26699929

And so it begins ...

And so it begins ...

Bombardier announces 95 job losses in NI operations

Bombardier Aerospace factory in BelfastImage copyrightPACEMAKER

The aerospace company, Bombardier, has announced another 95 redundancies at its Northern Ireland operations.

The redundancies are part of 7,500 global job cuts announced last October - mostly in its railways division.

The company said it would "explore opportunities to help mitigate the number of compulsory redundancies".

The job losses, which will affect support staff, are not related to the aerospace firm's trade dispute in the United States.

The company said: "We need to continue to cut costs to help ensure our long-term competitiveness.

"We acknowledge the impact this will have on our workforce and their families".

 
Media captionThe history of Bombardier in Northern Ireland

Earlier this year, Bombardier signed a contract with IBM to outsource technology operations.

At the time, the firm said the deal was intended to improve productivity and reduce costs.

Bombardier C-seriesImage copyrightREUTERS
Image captionThe wings for Bombardier's C-Series planes are made in Belfast

Last year, the company announced it was cutting 1,000 jobs in Northern Ireland, about 20% of its local workforce.

That was in response to severe financial pressure as cost overruns on its new C-Series jet drained cash out of the company.

It is now facing a complaint from rival firm Boeing that it has engaged in anti-competitive practices by selling the C-Series below cost in the US.

Boeing wants the US trade authorities to impose financial penalties.

DUP and Sinn Fin leaders say that if the Boeing's compliant is upheld it would have "serious implications" for Bombardier's NI operation.


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