Bombardier sells $900-million in non-core assets, slashes 5,000 jobs

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 92%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Bombardier sells $900-million in non-core assets, slashes 5,000 jobs. Globe's nickvanpraet reports (subscribers)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NickVanPraet Bombardier survives on Corporate Welfare! It is a waste of taxpayer's money!

NickVanPraet Thank you liberals for giving them our money for years for mismanaging.

NickVanPraet So ironic, I'm a translator, yet receive Bombardier contracts from a UK firm in the UK, I'll spare the details but at least 100k$ are lost to the UK this way, yet we pay taxes to help keep that company afloat; bosses keep getting huge bonuses & laying people off. pissed

NickVanPraet Didn’t the Trudeau govt give Bombardier a billion dollars a year ago?

NickVanPraet After the pay raise fiasco with government money it is difficult to feel sorry for this company although many planes and trains are good. Just feel for lost jobs and livelihoods. This is a chance for the NDP to step in where other parties failed. ===============================

NickVanPraet Again selling off assets that were supposed to be seized. Like Kraft Chrysler Ford CanadianWheatBoard.

NickVanPraet No streetcars for Toronto although paid for in advance.

NickVanPraet What a joke this company is.

NickVanPraet Will the 900 million go back to the taxpayers of Canada? I think not. Thanks Justin, job well done.

NickVanPraet So glad that the government has given them so much of OUR MONEY...to save jobs.

NickVanPraet Government money well spent...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bombardier is selling off two businesses and cutting 5,000 jobsBombardier is selling off two businesses and cutting 5,000 jobs BombardierInc Maybe they'll repay the 'loans' they received from JustinTrudeau Can we confiscate all the proceeds of these sales? Government bailouts weren’t enough to cover the executives’ bonuses I guess.
Source: nationalpost - 🏆 10. / 80 Read more »

Bombardier defends CEO’s absence from special meeting following 5,000 layoffsSpokesman says the company did not ‘hide’ Alain Bellemare and that the CEO has a ‘schedule that is very, very busy’ now watch the feds throw millions at bumadier This company exists because it lies in vote rich QUE and that’s the only reason federal governments throw cash at it - it’s criminal misuse of tax dollars!!!
Source: nationalpost - 🏆 10. / 80 Read more »