Bombardier halts production in Canada and Belfast
In support of recent mandates from the Governments of Quebec and Ontario to help slow the spread of the COVID-19 pandemic, Bombardier has suspended all non-essential work in Canada until April 26th and in Belfast, until April 20th.
A statement from Bombardier said: “As the UK ramps up efforts to delay the spread of COVID-19, and following announcements from Bombardier Aviation on the closure of sites in Quebec and Ontario, Canada, we have made the decision to stop production temporarily at all our Northern Ireland sites until 20 April. These measures will help us maintain as many people as possible in full-time employment."
Employees impacted by these temporary shutdowns will be placed on furlough, as will corporate office employees whose support functions are less critical in the short-term. During this furlough period, Bombardier’s CEO and senior leadership team will forgo their pay, and the Chairman and members of Bombardier’s Board of Directors have agreed to forgo board compensation for the remainder of 2020.
Bombardier is also suspending its 2020 financial outlook as it evaluates the impact of temporarily closing its Canadian operations, as well as other actions being taken in response to the COVID-19 pandemic.
“Since the corona virus outbreak, the company has been focused on keeping our employees safe, serving our customers to the best of our ability during these difficult times and taking the necessary actions to protect our business for the long term,” said Pierre Beaudoin, Chairman of the Board of Directors, Bombardier Inc.
“In addition to the actions announced today, Bombardier has cut all discretionary spending, is continuing the work on closing the previously announced transactions and is pursuing additional measures to enhance liquidity.”
BlueSky Business Aviation News | 26th March 2020 | Issue #550