Another major restructuring at Bombardier: 7500 jobs affected

At home, nearly 2,000 positions - about 1,500 in Quebec - in various sectors that have not been specified are affected by this restructuring. In total, two-thirds of the affected positions are in the company's rail sector, while the aerospace division accounts for one-third.

© (Photo courtesy)

ECONOMY. For the second time in less than a year, Bombardier (TSX: BBD) is undergoing a major restructuring, this time affecting 7,500 jobs worldwide over the next two years.


This is in addition to the one announced last February which affected 7000 positions, including 2000 contract, the manufacturer of aircraft and trains through all its facilities.

In announcing the decision on Friday, the company said it wanted to reduce its costs as part of its recovery plan until 2020 put forward last year to increase its profitability and competitiveness.

At home, nearly 2,000 positions – about 1,500 in Quebec – in various sectors that have not been specified are affected by this restructuring. In total, two-thirds of the affected positions are in the company’s rail sector, while the aerospace division accounts for one-third. The multinational estimates it can save up to US $ 300 million by the end of 2018. “While these decisions are difficult, we are taking them to build a strong future for Bombardier,” said President and CEO Alain Bellemare in a telephone interview. We continue to look at our cost structure, which is very high. ” There are plans to streamline administrative functions and other activities that are not production-related, and to create “centers of excellence” for engineering and manufacturing in the aerospace and rail sectors. Bombardier believes it can mitigate the impact of this restructuring by conducting approximately 3,700 “strategic hires” in programs such as the CSeries, the Global 7000 business jet, and railroad contracts such as the Toronto Transit Commission ( TTC) as well as the Metrolinx transport agency. Asked whether this restructuring was aimed at relocating jobs to low-cost countries, Bellemare said there would be a balance. “It’s going to be a mix (of both),” he replied. This is the only way we will be able to protect thousands of jobs. It’s an extremely competitive industry and it’s important to take the necessary steps to keep competing. ”

The Company expects to record a restructuring charge of between US $ 225 million and US $ 275 million from the fourth quarter, currently underway. Bombardier has struggled in recent years, particularly due to the high costs associated with the development of the CSeries and a slowdown in the business jet sector. The aircraft manufacturer received a US $ 1 billion investment from the Quebec government in the CSeries, sold a 30 per cent stake in its railway division to the Caisse de dépôt et placement du Québec (CDPQ) and also asked the federal government to invest in his new commercial aircraft. Federal Minister of Innovation, Science and Economic Development Navdeep Bains, who is responsible for the case, said last week that Ottawa was ready to invest in the company, but it was important to ensure that head office in Canada, research and development activities and manufacturing jobs related to the manufacture of According to Mr. Bellemare, this restructuring will have no negative effect on negotiations that have been going on for nearly a year with the Trudeau government. “It has nothing to do with the federal government,” said Bombardier’s boss. These are decisions to have the financial capacity to continue investing in new programs. ” The head of the multinational did not want to say whether other decisions, such as a sale of assets, could be announced in the future. On its website, Bombardier says it has 31,200 workers in its aeronautical sector and 39,400 others on the rail side.

Facebooktwitterredditpinterestlinkedinmail

Complete closure of Highway 15 North between km 64 and 86

Highway 15 northbound, between kms 64 and 86, will be closed to traffic during the night of October 24 to 25, from 9pm to 6am.

Also, access to Autoroute 15 North, via Bourg-Joli Street in Sainte-Adèle, will be closed. The work could be postponed to the next day due to bad weather conditions. This closure will evaluate the structure located at kilometer 69, above the Mulets River.

Motorists will be able to get around the problem by taking the exit at kilometer 64 (chemin du Mont-Gabriel), highway 117, northbound, to the entrance ramp at kilometer 86 at Sainte-Agathe-des-Monts. For trucks, it is also possible to take an alternative road via Route 329, Route 125 and Route 158.
Facebooktwitterredditpinterestlinkedinmail

Lion Bus Stands Out in the North American Market

ELECTRIFICATION. The first manufacturer to market a 100% electric school bus, Autobus Lion Saint-Jérôme, stands out in the North American market.

On a mission to New York, Quebec Premier Philippe Couillard praised the efforts of Autobus Lion, Saint-Jérôme, to convincingly break through the American school bus market with its all-electric vehicle. .

Already available in Canada, as well as in Massachusetts and California, the e-Lion bus is now attracting the attention of major New York industry players, a territory that includes some of the largest school districts in the United States. and the largest school bus market in North America.

"Québec has become a recognized and respected player on the international scene in the fight against climate change, but also for its efforts towards the development of a lower carbon economy. Bus Lion is a proud representative of the new economy we are working to build in Québec, an innovative, prosperous and sustainable economy that requires complementary and concerted efforts from both the government and economic players. The electrification of transportation is a way forward, and we intend to use Québec expertise and know-how to develop successful business opportunities for all of our regions, while contributing tangibly to meeting our objectives to reduce greenhouse gas emissions, "said the Premier of Quebec.

The Minister of International Relations and La Francophonie and Minister responsible for the Laurentians, Christine St-Pierre, also emphasized the company's dynamism. "Since its creation, Autobus Lion has carved out a place of choice in the field of school transportation and now in the field of electric vehicles. The company shines with creativity and innovation and is proud of the people of the region. It employs 85 people in a promising technology sector, "she said.
At New York New York-based Lion Bus Company has successfully demonstrated its e-Lion vehicle at the entrance to the Times Center building in New York, where the company is present in New York City on a business mission. takes place the 8th edition of the Climate Week, an international event gathering experts in the fight against climate change as well as important players in the field of business. In October 2015, Québec launched its transportation electrification action plan, which targets the release of 100,000 electric vehicles by 2020. Lion Bus "Since 2008, Autobus Lion has relied on the quality and reliability of the products it sells. We have invested heavily to develop an electric vehicle that meets the needs of operators and we are very proud to be the first original manufacturer to market a 100% electric school bus. About fifty e-Lion are already on our roads, "said Lion Bus President Marc Bédard.
Facebooktwitterredditpinterestlinkedinmail