Saturday, October 22, 2016

PROFITABILITY AND COMPETITIVENESS AT BOMBARDIER

April 2016:  Bombardier owes Canadians hundreds of millions of dollars but we don’t know exactly how much because the federal government won’t tell us.
Rough calculations appear to leave close to three-quarters of a billion dollars left for Bombardier to repay. But we don’t know for sure because both the interest rate and the repayment schedule are secret.
October 2016:  Bombardier said Friday it plans to eliminate 7,500 positions — more than 10 per cent of its global workforce — through the end of 2018, the company's second mass round of layoffs in less than a year.
 
 

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