Bombardier warns Northern Ireland workers of financial crisis
Bombardier Inc. is telling its aerospace workers in Northern Ireland that it is in “serious financial crisis,” as the company seeks deep concessions that it says are critical to its survival.
November 16, 2015 By The Globe and Mail
In a one-page summary of a contract offer handed to unionized workers in Belfast on Thursday, the Montreal-based plane maker paints a grim picture of its financial health and tells employees that it needs to cut costs at the city’s manufacturing site 20 per cent by 2017.
“Bombardier is in a serious financial crisis, threatening the future viability of the organization,” the company says in the summary, seen by The Globe and Mail. “We all have a responsibility to contribute towards cost reduction. This is critical to our survival.” | READ MORE