Yet more sorry news from Bombardier Aerospace in Belfast, who are to cut 580 jobs this year and a further 500 jobs could be lost next year, 2017.
"We deeply regret the impact this will have on our workforce and their families, but it is crucial that we right-size our business in line with market realities .... we will continue to evaluate all opportunities to significantly reduce our costs, improve our competitiveness, and boost our profitability." Company statement
________________________
Julian Bray aviation expert comments: It will not have escaped the departing workers, now facing a very uncertain future at the Belfast unit, until now Northern Irelands largest employer, that Bombardiers Canadian operations are still to an extent 'buffered' and 'protected,' possibly due to the $1billion grant from the State of Quebec in 2015. Rather than cut losses on the problematical C series jet, the Canadian firm has carried on. Downturn and oversupply in the business jet market hasn't helped either. The sad point being that aerospace skills are being lost, these are almost impossible to replace in the short to medium term.
Catch up with story developments and my radio contribution on https://www.shareradio.co.uk/
________________________
Bombardier Aerospace, Belfast specialises in the design and development of complex advanced composite and metallic aerostructures for all classes of civil aircraft and all types of structures including fuselages, wings and engine nacelles.
Bombardier will in all cut some 1,000 jobs from its Northern Ireland operation, and is losing 7,000 jobs across its global workforce. Agency and part time workers will feel the brunt of the cuts being laid off in the first wave, immediately after the consultation process has been completed.
Bombardier Aerospace has been under financial pressure due cost overruns on the new problematical C Series jet and that much of its work is in partnership with other aerospace firms. So deflationary pressures elsewhere will have a direct bearing on Bombardiers fortunes...
The C Series programme received a C$1bn grant from the state government in Quebec last year.
The firm has also been hit by a downturn in the business jet market.Bombardier Aerospace has been under financial pressure due cost overruns on the new problematical C Series jet and that much of its work is in partnership with other aerospace firms. So deflationary pressures elsewhere will have a direct bearing on Bombardiers fortunes...
The C Series programme received a C$1bn grant from the state government in Quebec last year.
Announcing its annual results Bombardier reported turnover down 9.5% in the year to December to $18.2bn. Pre tax profits dropped 40% to $554m.
However the firm announced that Air Canada has ordered 75 CSeries 300 jets.... but too late to save the job losses.
JULIAN BRAY +44(0)1733 345581 Aviation Expert, Journalist & Broadcaster, Aviation Security & Airline Operations Expert, Travel / Maritime & Cruise Industry, NUJ, EQUITY, LIVE ISDN LINK, Broadcast ISDN COOBE ++44 (0)1733 345020 e&oe Old faithful NOKIA: 07944 217476 www.aviationcomment.com
No comments:
Post a Comment