BERLIN, GERMANY--(Marketwired - Jun 29, 2017) - As part of the global transformation that Bombardier announced in October
2016, the management and employee representatives of Bombardier Transportation have agreed on an outline for the reorientation
and safeguarding of the German sites. The cornerstones of this outline were mutually accepted at today's Supervisory Board
meeting.
This modernisation and specialisation of the sites will involve some personnel adjustments. Based on current assumptions and
depending on market development and order intake, manpower adjustments of up to 2,200 positions, of which 700 temporary
positions, will be made gradually until 2020.
In connection with those organizational changes, Bombardier will record restructuring charges, to be reported as special
items, which are included in the previously disclosed restructuring charges anticipated for 2017.
About Bombardier Transportation
Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers
the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete
transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation
continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for
operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 37,150
people and its products and services operate in over 60 countries.
About Bombardier
Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier
is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our
vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed
on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2016, we posted revenues of $16.3
billion. News and information are available at bombardier.com or follow us on
Twitter @Bombardier.
Notes to Editors
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FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements, which may involve, but are not limited to: statements with respect
to the Corporation's objectives, guidance, targets, goals, priorities, market and strategies, financial position, beliefs,
prospects, plans, expectations, anticipations, estimates and intentions; general economic and business outlook, prospects and
trends of an industry; expected growth in demand for products and services; product development, including projected design,
characteristics, capacity or performance; expected or scheduled entry-into-service of products and services, orders, deliveries,
testing, lead times, certifications and project execution in general; competitive position; the expected impact of the
legislative and regulatory environment and legal proceedings on the Corporation's business and operations; available liquidities
and ongoing review of strategic and financial alternatives; the impact and expected benefits of the investment by the Government
of Québec in the C Series Aircraft Limited Partnership and of the private placement of a minority stake in Transportation by the
CDPQ on our operations, infrastructure, opportunities, financial condition, access to capital and overall strategy; and the
impact of such investments on our balance sheet and liquidity position.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will",
"shall", "can", "expect", "estimate", "intend", "anticipate", "plan", "foresee", "believe", "continue", "maintain" or "align",
the negative of these terms, variations of them or similar terminology. By their nature, forward-looking statements require
management to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual
results in future periods to differ materially from forecast results set forth in forward-looking statements. While management
considers these assumptions to be reasonable and appropriate based on information currently available, there is risk that they
may not be accurate.
Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking
statements include, but are not limited to, risks associated with general economic conditions, risks associated with our business
environment (such as risks associated with the financial condition of the airline industry, business aircraft customers, and the
rail industry; trade policy; increased competition; political instability and force majeure), operational risks (such as risks
related to developing new products and services; development of new business; the certification and homologation of products and
services; fixed-price and fixed-term commitments and production and project execution; pressures on cash flows based on
project-cycle fluctuations and seasonality; our ability to successfully implement and execute our strategy and transformation
plan; doing business with partners; product performance warranty and casualty claim losses; regulatory and legal proceedings; the
environment; dependence on certain customers and suppliers; human resources; reliance on information systems; reliance on and
protection of intellectual property rights; and adequacy of insurance coverage), financing risks (such as risks related to
liquidity and access to capital markets; retirement benefit plan risk; exposure to credit risk; substantial existing debt and
interest payment requirements; certain restrictive debt covenants and minimum cash levels; financing support provided for the
benefit of certain customers; and reliance on government support), market risks (such as risks related to foreign currency
fluctuations; changing interest rates; decreases in residual values; increases in commodity prices; and inflation rate
fluctuations). For more details, see the Risks and uncertainties section in Other in the Management's Discussion and Analysis
(MD&A) of the Corporation's financial report for the fiscal year ended December 31, 2016. For additional information with
respect to the assumptions underlying the forward-looking statements made in this press release, refer to the Guidance and
forward-looking statements sections in Overview, Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services,
and Transportation in the MD&A of the Corporation's financial report for the fiscal year ended December 31, 2016.
Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not
exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein
reflect management's expectations as at the date of this press release and are subject to change after such date. Unless
otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this press release are expressly qualified by this cautionary statement.