The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture of air and spacecraft and related machinery
1,700 - 1,760 jobs Number of planned job losses
Announcement Date
14 May 2015
Employment effect (start)
1 June 2015
Foreseen end date
31 March 2016
Description
Canadian manufacturer of aircraft and trains, Bombardier, has announced plans to cut approximately 1,750 jobs in Canada and the UK. The cuts come in response to weak demand for its Global 5000 and 6000 aircraft. The cuts are to begin in June 2015 and will continue until the first quarter of 2016. 1,000 of the losses will be in the main operations centre in Montreal, a further 480 in Toronto, and up to 280 in Belfast where the company currently employs approximately 6,000 workers.
Bombardier has stated that the cuts in Belfast will mostly affect the temporary workforce, and that it intends to avoid compulsory redundancies within its permanent workforce. It has stated that up to 60 jobs in Belfast could be retained via redeployment.
The cuts come in addition to extensive cuts in recent years, reflecting insufficient profits, including job losses of 4,550 in the aerospace and support divisions since last July. Some sources suggest that further cuts are to be expected, but Bombardier refused to comment.
Sources
14 May 2015: BBC News Website
14 May 2015: Canadian Business
14 May 2015: Express and Star
Citation
Eurofound (2015), Bombardier, Internal restructuring in World, factsheet number 83558, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83558.
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