Bombardier to Cut 7,500 More Jobs Through 2018, Most in Rail

Post by Declanomous » Fri, Oct 21, 2016, 2:49 PM UTC

arethuza wrote: post #17

cjdkcnsnd wrote: post #9

And in a few years expect to read "Bombardier to Cut 7,500 Additional Jobs Through 2023." Such is life in a demand-limited economy, where the more companies cut jobs and pay, the more their profitability and the larger economy suffers, and the more they further cut jobs.

I remember the team I was in at the time being told in 2008 by a senior executive of the large industrial company I was at that the prevailing management consulting view on how to survive a recession was to "cut quickly and cut deep". He then went on to explain that the management team were surprised at how quickly orders from customers were drying up. Pointing out that if everyone was cutting quickly and deeply then…

Post by coredog64 » Fri, Oct 21, 2016, 3:05 PM UTC

arethuza wrote: post #17

cjdkcnsnd wrote: post #9

And in a few years expect to read "Bombardier to Cut 7,500 Additional Jobs Through 2023." Such is life in a demand-limited economy, where the more companies cut jobs and pay, the more their profitability and the larger economy suffers, and the more they further cut jobs.

I remember the team I was in at the time being told in 2008 by a senior executive of the large industrial company I was at that the prevailing management consulting view on how to survive a recession was to "cut quickly and cut deep". He then went on to explain that the management team were surprised at how quickly orders from customers were drying up. Pointing out that if everyone was cutting quickly and deeply then…

Post by lmm » Fri, Oct 21, 2016, 3:20 PM UTC

arethuza wrote: post #22

Declanomous wrote: post #21

Earlier quoted context omitted.

In my experience, working at a company where independent thought is career limit is soul crushing.

Actually it was a very good place to work - lots of extremely smart people, which is probably why I remember the apparent failure (or unwillingness) to make that inference.

Post by mast » Fri, Oct 21, 2016, 3:40 PM UTC

mabbo wrote: post #2

> Chief Executive Officer Alain Bellemare said he did not expect the job cuts, which include 1,500 workers in Quebec and 500 in the rest of Canada, would affect the company's talks with the federal government over a $1 billion investment in its CSeries jet program. "Hey Federal Government, we'd like you to help us out to the tune of a billion dollars, because we're such a big important employer here in Canada... also…

Post by sandworm101 » Fri, Oct 21, 2016, 4:00 PM UTC

dingaling wrote: post #11

douche wrote: post #4

Bombardier is a weird company. It's one of those huge conglomerations that is in multiple lines of business, like some of the Japanese consortiums. This article mentions their aerospace and rail lines, which I wasn't even aware of; their more visible business, as far as I know, is in ATVs, snowmobiles, and jetskis.

The snowmobiles et al aren't part of Bombardier-proper any more, that part of the business was sold-off back in 2003 to focus on the 'core' of transportation systems. They're made by BRP now ( Bombardier Recreational Products, technically, though they can't use the name ) who seem to be doing fine. Bombardier is a running joke in Northern Ireland, where they bought Short Brothers[0] and shut-down a promising and well…