Bombardier to sell off its Belfast business

المملكة العربية السعودية أخبار أخبار

Bombardier to sell off its Belfast business
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Bombardier is one of the biggest employers in the North, with a large base in east Belfast and a workforce of about 4,000

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The company said it wants to combine its corporate and regional jet units into a single aviation unit and shed more non-core assets by selling off its Belfast and Morocco businesses.

Investors were rattled last week when Bombardier lowered its first-quarter and full-year revenue targets for the transportation division, its largest unit. Bombardier said in a statement it was making steady progress in managing the "challenging legacy projects" and will take a few more quarters for completion.

Bombardier said it will focus its aerostructures activities in Montréal, Mexico and its newly acquired Global 7500 business jet wing operations in Texas.

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