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> Chief Executive Officer Alain Bellemare said he did not expect the job cuts, which include 1,500 workers in Quebec and 500 in the rest of Canada, would affect
by mabbo 10y ago
> Chief Executive Officer Alain Bellemare said he did not expect the job cuts, which include 1,500 workers in Quebec and 500 in the rest of Canada, would affect the company's talks with the federal government over a $1 billion investment in its CSeries jet program.
"Hey Federal Government, we'd like you to help us out to the tune of a billion dollars, because we're such a big important employer here in Canada... also, we're going to slowly stop being such a big employer"
- deleted 10y ago[deleted]
- dan1234 10y agoThey just secured a £1bn UK contract in August[0], must be their favourite number. http://www.bbc.co.uk/news/uk-england-derbyshire-37031833 http://www.bbc.co.uk/news/uk-england-derbyshire-37031833
- mast 10y agoOh, I think they're still going to be a big employer, just not in Canada: http://www.theglobeandmail.com/report-on-business/bombardier-still-aims-to-outsource-jobs-as-it-seeks-bailout-from-ottawa/article29307944/ http://www.theglobeandmail.com/report-on-business/bombardier... The layoffs mentioned here seem to be more related to the rail division than to aircraft manufacturing. The rail division which appears to have a lot of problems. http://business.financialpost.com/news/transportation/bombardiers-thunder-bay-plant-hit-with-supply-chain-woes http://business.financialpost.com/news/transportation/bombar... http://spacing.ca/toronto/2016/05/03/bombardiers-mexico-problem/ http://spacing.ca/toronto/2016/05/03/bombardiers-mexico-prob...
- gok 10y agoI don't think this is inconsistent at all. They're laying off mostly people in their rail division, which is based in Germany and doing poorly. They're asking for some government support for the aerospace group, which is based in Canada and doing ok, but facing lots of competition from Airbus and Embraer, which also receive government support.
- bogomipz 10y ago>", but facing lots of competition from Airbus and Embraer, which also receive government support." Do you mean Canadian government support? Not US?
- cheriot 10y agoAirbus is European and Embraer is Brazilian. Airbus even lost a WTO case over illegal subsidies.
- bogomipz 10y agoSure, I was just curious if someone US money was funneling to the EU in some circuitous fashion. Airbus is France and German y correct?
- zorked 10y agoPresumably from European governments in the case of Airbus and from the Brazilian government in the case of Embraer. In the late 1990's Embraer and Bombardier sued each other in the WTO which found both governments guilty of subsidies. Embraer is preparing to sue Bombardier/Canada again: http://www.reuters.com/article/embraer-bombardier-idUSL2N18D1JR?type=companyNews http://www.reuters.com/article/embraer-bombardier-idUSL2N18D...
- tormeh 10y agoI wonder why governments subsidize production of commercial airliners so much. There are no network effects or lock-in, so there is nothing to milk after you've gotten big, just more need for subsidies. And jet fighters etc. are usually made by different manufacturers altogether, except for military freighters.