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http://affaires.lapresse.ca/economie/transports/201602/17/01-4951521-bombardier-va-supprimer-7000-postes.php

 

Montréal) Bombardier larguera 7000 employés à l'échelle mondiale d'ici deux ans, dont 2000 contractuels.

Ces compressions annoncées mercredi seront en partie compensées par des embauches au nombre encore indéterminé dans certains secteurs en croissance, notamment pour soutenir l'accélération de programmes et de projets stratégiques comme le CSeries.

Les emplois abolis se trouvent principalement au Canada et en Europe où sont concentrées les activités aéronautiques et de transport sur rail de l'entreprise.

Alain Bellemare, président et chef de la direction de Bombardier, explique que ces mesures sont requises pour rendre l'entreprise basée à Montréal plus solide et plus compétitive.

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http://bloom.bg/20Dvush

 

By Frederic Tomesco - Feb 17, 2016, 6:07:35 AM

 

Bombardier Inc. said it planned to cut about 7,000 jobs as it reported fourth-quarter profit that fell short of analysts’ estimates. It also signed a letter of intent for Air Canada to buy at least 45 of the planemaker’s C Series jets.

 

The job cuts, from a workforce of about 64,000, will occur during the next two years and result in restructuring charges of as much as $300 million, the company said. The Air Canada deal, while not a firm order, represents a list value of about $3.8 billion. The airline has an option to purchase an additional 30 C Series aircraft.

 

Profit fell as the company broke even on a per-share basis, Bombardier said Wednesday, less than the 2-cent average of 15 analyst estimates compiled by Bloomberg. Revenue dropped 16 percent $5.02 billion, trailing the $5.51 billion average forecast.

 

Chief Executive Officer Alain Bellemare, installed a year ago with a mandate to restore profitability, is working to overcome cost overruns and delays on the $5.4 billion C Series aircraft program. Having reached agreement on $2.5 billion worth of asset sales in the fourth quarter, Bellemare is now attempting to secure additional financing from Canada’s federal government.

 

Quebec agreed in October to invest $1 billion in the C Series program to shore up funding for the jet and assuage customer concern. Provincial Transport Minister Jacques Daoust has since said the province is seeking an equivalent commitment from the federal government.

 

Bombardier also raised $1.5 billion by selling 30 percent of its rail unit to Caisse de Depot et Placement du Quebec, the province’s public pension fund manager. The transaction, announced in November, closed last week.

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Sur 5 jours, la valeur en bourse est passée de 0.83 CAD à 1.10 CAD (à l'heure actuelle). Très positif.

 

Pour la santé financière d'une entreprise, des coupures de postes sont parfois bien vues.

 

Pour l'économie montréalaise, ce qui importe, c'est la santé de l'entreprise (et donc sa capacité à poursuivre son développement, particulièrement dans la division aéronautique). Par ailleurs, les activités de la division ferroviaire sont concentrées en Europe. J'anticipe peut-être (un peu...), mais je ne serais pas surpris que des actifs importants (en Europe) de cette division soient éventuellement mis en vente.

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If federal doesn't support Bombardier then we should get Q400 and Global production to be done in montreal. And shut down downsview plant and sell the land.

 

Bombardier needs Downsview with or without federal money. Much like Airbus and Boeing are spread across the EU and the USA respectively, no large Fortune 500 company can centralize production like that.

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I won't be surprised if they moved Q400 production in mexico to lower cost in the same time asking for subsidies to mexican government. They were supposed to subcontract the production of a hundred Q400's in russia but with russian embargo the deal failed.

 

Boeing is doing the huge part of his manufacturing in seattle-everett area. They shut down the mcdonell douglas plant in california.

Out of 6 facilities 4 are located in washington state. One is located in Louisiana for Rocket and space related stuff.

And the only airplane assembly plant out of washington state is located in south carolina for 787 production.

 

 

 

Bombardier needs Downsview with or without federal money. Much like Airbus and Boeing are spread across the EU and the USA respectively, no large Fortune 500 company can centralize production like that.
Edited by andre md
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I won't be surprised if they moved Q400 production in mexico to lower cost in the same time asking for subsidies to mexican government. They were supposed to subcontract the production of a hundred Q400's in russia but with russian embargo the deal failed.

 

Boeing is doing the huge part of his manufacturing in seattle-everett area. They shut down the mcdonell douglas plant in california.

Out of 6 facilities 4 are located in washington state. One is located in Louisiana for Rocket and space related stuff.

And the only airplane assembly plant out of washington state is located in south carolina for 787 production.

 

I think you proved my point though. Multinationals can't put all their eggs in one basket for a variety of reasons. Neither can Bombardier.

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