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11-08-2018, 08:47 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,210
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Bombardier Cutting 5000 jobs
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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11-08-2018, 09:16 AM
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Join Date: Jun 2014
Location: Canmore
Posts: 2,102
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They could always reopen the asbestos mines in quebec, pretty sure they're eco friendly and won't affect climate change.
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Woke up with a pulse, best day ever
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11-08-2018, 10:18 AM
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Join Date: May 2016
Location: Parkland County
Posts: 2,371
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Quote:
Originally Posted by Twisted Canuck
Cue up the government bail out....
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And the subsequent executive bonuses!
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And unlike the clock on the wall at your momma house, I do not have time to hang.
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11-08-2018, 10:24 AM
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Join Date: Dec 2012
Location: At the end of the Thirsty Beaver Trail, Pinsky lake, Alberta.
Posts: 24,502
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Yup and another bail out......
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Be careful when you follow the masses, sometimes the "M" is silent...
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11-08-2018, 10:34 AM
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Join Date: Jun 2014
Location: Canmore
Posts: 2,102
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Prince charming to the rescue. Must save la belle.
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Woke up with a pulse, best day ever
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11-08-2018, 02:24 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,210
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And now the squealing has begun.......cue up the indignant union leader. The Alberta Energy sector can be gutted piecemeal and the east thoroughly enjoys it. But Bombardier soaks up billions of tax payer money, gives huge bonuses to management, and announces layoffs, and what will happen? More government money of course. What a racket.
https://business.financialpost.com/b...9-9ddd0f7e3de2
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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11-08-2018, 02:49 PM
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Join Date: Mar 2016
Posts: 584
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Quote:
Originally Posted by The Cook
They could always reopen the asbestos mines in quebec, pretty sure they're eco friendly and won't affect climate change.
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Interesting side note . Trump deregulated asbestos after meeting with putin. Guess who owns a monster large asbestos mine . PUTIN !
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11-08-2018, 02:57 PM
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Join Date: May 2012
Posts: 2,535
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Quote:
Originally Posted by Twisted Canuck
And now the squealing has begun.......cue up the indignant union leader. The Alberta Energy sector can be gutted piecemeal and the east thoroughly enjoys it. But Bombardier soaks up billions of tax payer money, gives huge bonuses to management, and announces layoffs, and what will happen? More government money of course. What a racket.
https://business.financialpost.com/b...9-9ddd0f7e3de2
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Love the last comment on that story about using transfer payments, spot on
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11-08-2018, 03:14 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 44,842
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So what are the chances of them ever paying back the money they were given?
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Only accurate guns are interesting.
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11-08-2018, 03:58 PM
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Join Date: Nov 2014
Location: British Columbia
Posts: 605
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One of the 2 subsidiaries sold was the Q400 (Dash 8 Aircraft, see Westjet Encore and Air Canada Jazz) program which was sold to Longview Aviation Capital, AKA Viking Air. This sale will create hundreds of jobs in Calgary and in Victoria (specifically Sidney, HQ of Viking.) Bombardier is well known for going through waves of hiring, lay-offs and sell-offs, especially in aviation. No surprises there.... However, I see this as a huge positive for the aviation sector in Calgary and BC.
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11-08-2018, 03:59 PM
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Join Date: Dec 2012
Posts: 371
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Quote:
Originally Posted by elkhunter11
So what are the chances of them ever paying back the money they were given?
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HAAAHAAHAAAA ! I needed a good laugh at the end of the day
do you honestly think the liberal government gave any of the billions away with the criteria of paying it back????
The west will pay it back, Our kids futures will pay it back etc etc
On the bright side we will get 4 more years of The Liberal way! Enter sarcasm
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11-10-2018, 07:44 AM
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Join Date: Feb 2017
Posts: 115
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hand outs
It's no more Bombardier's fault than our stinkin government!!! Anyone on here that would not take a non repayable loan ???
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11-10-2018, 08:09 AM
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Join Date: Mar 2015
Posts: 564
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Well same thing as Chrysler. Govt just forgave 2.2 billion in loan debt. And they say we don’t have communist govt.
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11-10-2018, 09:54 AM
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Join Date: Nov 2014
Location: Calgary
Posts: 513
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Quote:
Originally Posted by tacomama
One of the 2 subsidiaries sold was the Q400 (Dash 8 Aircraft, see Westjet Encore and Air Canada Jazz) program which was sold to Longview Aviation Capital, AKA Viking Air. This sale will create hundreds of jobs in Calgary and in Victoria (specifically Sidney, HQ of Viking.) Bombardier is well known for going through waves of hiring, lay-offs and sell-offs, especially in aviation. No surprises there.... However, I see this as a huge positive for the aviation sector in Calgary and BC.
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yea, you are mostly right (insider here) Can't give any specific details but the umbrella will be the biggest aviation company in Canada now and hopefully will do a better job!
As for the people talking bail out, a lot of the proceeds from this sale are going to go to repaying some of those "bail outs" and bombardier needed to do this to to stay afloat and continue business focusing on it's other assets like train's and private jets.
This might actually stop them from needing future bail outs as these "non-essential" assests were money pits because basically... Quebec
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11-10-2018, 01:53 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,835
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too big to fail, will need a bail
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