Bombardier cuts 5,000 jobs worldwide

Bombardier workers in Northern Ireland and the Midlands face uncertainty after Canadian society announced the removal of 5,000 jobs worldwide Thursday.

The troubled aircraft and train manufacturer did not say where the cuts would be made in the next 12 to 18 months, but the bottom line should be in Canada.

Bombardier employs 70,000 people, including 4,000 at four sites in Northern Ireland, primarily in Belfast.

It also manufactures 1,600 trains in Derby, in the East Midlands.

Bombardier in Derby said that there was no indication at the moment that the job cuts would have a significant impact on the city.

A spokesman for Bombardier UK said: "We will take the time to evaluate what this means for our Aerostructures and Engineering Services business and we will be communicating in more detail with our employees in the coming weeks."

The GMB union, representing Bombardier workers, said it was demanding responses from the company on behalf of its members.

GMB Regional Organizer Michael Mulholland said: "Bombardier's jobs are vital to the Belfast economy and GMB will fight hard to save them."

Profits up

The company will also sell its Q Series aircraft at $ 900 million and the $ 300 million trademark of Havilland.

"We have launched the next round of actions needed to unleash the full potential of Bombardier's portfolio," said CEO Alain Bellemare.

Earlier this year, Bombardier sold to Airbus, Europe, a majority stake in its C-Series loss-making aircraft. This aircraft has been renamed A220.

The announcement came as Bombardier reported its third quarter results, with pre-tax profits doubling to $ 267 million for the quarter ending September compared to the same period last year.

Sales fell 5% to $ 3.6 billion, but revenues are expected to jump 10% to at least $ 18 billion next year.

Mr. Bellemare was hired three years ago to support Bombardier, which was facing serious financial problems with the C Series program and which had to be saved by the Quebec government with a $ 1 billion bailout.