Terrible news about Bombardier but the prospects aren’t hopeless

With all the phased cuts and despite winning a battle against Trump’s protectionism, this will come as a shock but not much of a surprise. Sends a chill down the spine though.  The local politicians are all running around looking for assurances, but impotent. They can’t even make the ritual promises of “everything will be done that can be done.” Brexit and the Stormont stand off all add to the impression of a difficult environment for new foreign direct investment.  …

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A cautious welcome for Bombardier’s apparent rescue

While  the news about Bombardier is very welcome, a note of caution is also due. Boeing is not taking it lying down. Again, though Bombardier are saying that  a new C-series production line in Alabama means  expansion of   C-series production as a whole,  there are bound to be fears  that  Bombardier/Airbus  may eventually switch some  production  to Alabama  at the expense of  Belfast if sales forecasts don’t materialise. However the Chinese are said to be interested in the project. And …

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Bombardier’s CSeries US crisis gives NI an early taste of “Free Market” realities..?

I’m not sure there’s much an Executive could do in these circumstances, but the significance of the US threat to highly skilled jobs in Bombardier in Belfast was for once not lost on the news in the rest of the UK. It even made the headlines on Radio 6 Music this morning. The US Department of Commerce has clobbered 220% after it ruled that a $1 billion investment from Quebec and nearly half that amount in loans from the Federal government was used …

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A real Twelfth celebration. Three cautious cheers for Bombardier

And what about the effects of  Brexit?  The Irish Times takes forward the story reported by CBC Canada. Many thanks to Quebec, despite its secessionist tendencies.   The SWISS air flight on Friday also represents an important next stage of the C-Series journey that began for Northern Ireland at the Farnborough Air Show in the UK in 2008. Back then Bombardier pledged a £520 million investment, the largest single inward investment in the North, to support the research, design, manufacture and assembly of the …

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Bombardier to cut 20% of its workforce in Northern Ireland…

There’s been a decline in Bombardier’s business globally (not just NI). Specifically the new C Series jet has run into commercial trouble, not least because the fuel efficiency it hoped would be a strong selling point has been neutralised by the oil price collapse. According to the BBC… Bombardier Vice-President Michael Ryan said: “The whole global aerospace world is looking at how they can optimise their costbase and that includes going to what we would call lower cost countries. “If we want …

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