Bombardier Looks to Shed 5,000 Positions Worldwide

Photo: Bombardier

In the wake of the Canadian plane and train maker’s announcement on November 8 and last weeks free cash flow forecast which sent Bombardier shares tumbling, it has been announced that 490 jobs of the 4,000-strong workforce based across four locations in Northern Ireland is to be cut.

  • The Belfast-based operation, previously known as Shorts, said it will speak with employees in more detail over the coming weeks,
  • Wings for the A220 plane – formerly known as the Bombardier CSeries – are made at a factory in Belfast, which currently supports 1,000 jobs.
  • Bombardier is hoping to save up to US$250 million a year through “streamlining the company” with the shedding of 7% of its 70,000-strong global workforce over the next 12-18 months.

Source: avitrader.com