Home / FINANCE / Markets Insider / UPDATE 1-Bombardier Transportation confirms to cut adult to 2,200 German jobs (BBD., SIE)

UPDATE 1-Bombardier Transportation confirms to cut adult to 2,200 German jobs (BBD., SIE)

* Cuts are partial of company-wide restructuring

* Most jobs to go during plants in Hennigsdorf, Goerlitz

* No mandatory redundancies until end-2019

* No factories to be shut
(Adds some-more comments on restructuring, no criticism on possible
Siemens rail tie-up)

HENNIGSDORF, Germany, Jun 29 (Reuters) – Canada’s
Bombardier will condense adult to 2,200 jobs in Germany by
2020 as partial of a unconditional assets devise though will not tighten any of
its 5 plants there, Bombardier Transportation’s supervisory
board Chairman Wolfgang Toelsner said.

Most of a cuts will be during a loss-making train-making
division’s plants in Hennigsdorf nearby Berlin and Goerlitz on the
German limit with Poland, he told a news discussion on
Thursday, confirming a Reuters news published final week.

He pronounced Bombardier’s bureau in a eastern German city of
Bautzen could even see a headcount arise if orders were strong,
and total that there was an agreement to have no compulsory
redundancies until a finish of 2019.

Bombardier pronounced final Oct it would condense 7,500 jobs
worldwide, mostly in a Germany-based train-making division,
following extended delays and bill overruns in a aerospace
business.

The organisation declined to contend on Thursday what impact a possible
tie-up with a rail business of German engineering group
Siemens would have on a restructuring.

Siemens and Bombardier have hold talks to mix their rail
operations, dual people tighten to a matter told Reuters in
April, nonetheless such a tie-up would be formidable since of
antitrust concerns and questions over that association would retain
control of a total venture.
(Reporting by Gernot Heller; Writing by Maria Sheahan; Editing
by David Evans and Adrian Croft)

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