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Bombardier to cut 7,500 more jobs across its global operations Bombardier to cut 7,500 more jobs across its global operations
(35 minutes later)
Canadian plane and train maker Bombardier is cutting 10% of its workforce for the second time this year, shedding another 7,500 jobs. Canadian plane and train maker Bombardier has announced significant job cuts for the second time this year, shedding another 7,500 posts.
About two-thirds of the cuts will be in the rail division, Bombardier Transportation, with the rest in the aerospace division.About two-thirds of the cuts will be in the rail division, Bombardier Transportation, with the rest in the aerospace division.
The move will prompt a restructuring charges of $225-$275m (£184-224m) in the fourth quarter and through 2017. The move will prompt a restructuring charge of $225-$275m (£184-224m) in the fourth quarter and through 2017.
The company has said it has too many sites producing similar components.The company has said it has too many sites producing similar components.
It added that it wanted to pick the sites best suited to specific work. In February, Bombardier said it was cutting 7,000 jobs. Nearly half of these cuts are being made in its rail division, which has a large workforce in Europe.
It said it would streamline its administrative and non-production operations and reorganise its design, engineering and manufacturing activities by creating new "centres of excellence". The latest round of cuts includes 2,000 workers in Canada - 1,500 of them in Quebec. Nonetheless, chief executive Alain Bellemare said he was taking this action "because we want to save jobs in Canada".
Bombardier's chief executive, Alain Bellemare, said in an interview: "We understand these are difficult decisions... but in the end, what we are going to be left with is a leaner, stronger organisation." 'Stronger organisation'
Nearly half of the first round of cuts are being made in its rail division, which has a large workforce in Europe. The company said it would streamline its administrative and non-production operations and reorganise its design, engineering and manufacturing activities by creating new "centres of excellence".
This latest round includes 2,000 workers in Canada - 1,500 of them in Quebec. Mr Bellemare said: "We understand these are difficult decisions... but in the end, what we are going to be left with is a leaner, stronger organisation."
Nonetheless, Mr Bellemare said he was taking this action "because we want to save jobs in Canada". Bombardier has a strong presence in Northern Ireland, employing 6,000 people and is responsible for 10% of Northern Irish manufacturing exports.
There, it makes major aircraft structures including fuselages and wings.
Bombardier Belfast said it was not yet clear how the new round of cuts would affect it: "We will be evaluating the impact on our Belfast operations and will communicate with our employees when that is completed. We are not in a position to elaborate further at this time."
In the rest of the UK, Bombardier has around 3,500 employees at eight sites and 23 service locations, including Crewe, Plymouth, Derby and Burton-on-Trent.
It also operates from several locations in and around London, including its heavy maintenance depot at Ilford.
Bombardier's Derby site has produced trains for both mainline operations and the London Underground.