BBD.A Bombardier Inc. Cl A

Bombardier announces gradual resumption of its manufacturing operations in Canada

Bombardier announces gradual resumption of its manufacturing operations in Canada

  • Expects 11,000 employees to return-to-work over the next few weeks
  • Return-to-work actions in full compliance with the strictest health and safety measures and guidelines
  • Will utilize the Canada Emergency Wage Subsidy (CEWS) program for the benefit of employees in Canada

MONTREAL, April 28, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced that it has begun the process of recalling most of its Canadian based employees that were placed on furlough following government mandates enacted to slow the spread of COVID-19. Suspended manufacturing and service activities will gradually resume as of May 11.

Nearly 11,000 employees are expected to be back to work within the next few weeks across our Aviation and Transportation segments and Bombardier’s Corporate Office. Return-to-work schedules will vary by site and be subject to new procedures to ensure employee health and safety.

Site and function leaders will be communicating specific plans and dates directly to employees. All recalled employees whose physical presence is not required at Bombardier’s production or service sites will be asked to work from home until further notice.

“As we resume operations across many of our sites, the health and safety of our employees, our customers and the general population will continue to be our top priority. I deeply believe that by continuing to work in close collaboration with the employee representatives and public health authorities in all the countries where we operate, Bombardier will establish itself as an example of a dynamic and responsible industrial leader in the global recovery,” said Éric Martel, President and Chief Executive Officer, Bombardier Inc.

Bombardier will utilize the Canada Emergency Wage Subsidy (CEWS) program for the benefit of eligible employees in Canada. This application has the full support of unions representing Canada-based Bombardier employees.

“Our industries are among the most affected by the unprecedented COVID-19 pandemic. And, I want to thank the federal government for putting this bold initiative in place to support Canadian workers and companies. I also want to thank the union leaders for their collaboration and support during these difficult times. Above all, I want to thank our employees and their families for their patience, understanding and dedication as we take the necessary actions to navigate through this global crisis and protect our business for the long-term,” added Mr. Martel.

About Bombardier

With over 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at or follow us on Twitter .

For Information

Jessica McDonald

Media Relations and Public Affairs

Bombardier Inc.



EN
28/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Bombardier Inc. Cl A

 PRESS RELEASE

First Production Aircraft of World’s Fastest Business Jet, the Bombard...

First Production Aircraft of World’s Fastest Business Jet, the Bombardier Global 8000, Completes Flawless Inaugural Flight The Global 8000 first production aircraft completed its maiden flight taking off from Bombardier’s Aircraft Assembly Centre in Mississauga, Ont.The Global 8000 is the fastest civil aircraft since the Concorde, with an industry-leading top speed of Mach 0.94 and range of 8,000 nautical miles (NM), an ultra-low cabin altitude of 2,900 ft. and a luxurious cabin, making it the ultimate business aircraftBombardier’s Global 8000 is set to enter into service in 2025 TORONTO...

 PRESS RELEASE

Le premier avion Bombardier Global 8000 de série, le jet d’affaires le...

Le premier avion Bombardier Global 8000 de série, le jet d’affaires le plus rapide du monde, effectue un vol inaugural impeccable Le premier avion Global 8000 de série a effectué son vol inaugural au départ du Centre d’assemblage d’avions Bombardier à Mississauga, en OntarioLe Global 8000 est l’avion civil le plus rapide depuis le Concorde, avec une vitesse maximale de Mach 0,94 qui le place en tête de l’industrie et une distance franchissable de 8 000 milles marins (NM), une très basse altitude en cabine de 2 900 pieds et une cabine luxueuse, ce qui en fait l’avion d’affaires ultimeL’entré...

 PRESS RELEASE

Bombardier Announces Conditional Notice of Partial Redemption for US$5...

Bombardier Announces Conditional Notice of Partial Redemption for US$500,000,000 of its 7.875% Senior Notes due 2027 MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$500 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes”). As set forth in the conditional notice of partial redemption issued today in respect of the 2027 Notes, the redemption date is June 13, 2025, and the redemption price for the 2027 Notes is 100.00% of the principa...

 PRESS RELEASE

Bombardier annonce un avis conditionnel de rachat partiel visant ses b...

Bombardier annonce un avis conditionnel de rachat partiel visant ses billets de premier rang 7,875 % échéant en 2027 d’un capital de 500 000 000 $ US MONTRÉAL, 14 mai 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (« Bombardier ») a annoncé aujourd’hui l’émission d’un avis conditionnel de rachat partiel visant ses billets de premier rang 7,875 % échéant en 2027 en circulation d’un montant en capital global de 500 millions $ US (les « billets échéant en 2027 »). Comme il est indiqué dans l’avis conditionnel de rachat partiel émis aujourd’hui à l’égard des billets échéant en 2027, la date de rach...

 PRESS RELEASE

Bombardier Announces Pricing of its New Issuance of Senior Notes due 2...

Bombardier Announces Pricing of its New Issuance of Senior Notes due 2033 MONTRÉAL, May 14, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully priced its offering of US$500 million aggregate principal amount of new Senior Notes due June 15, 2033. The new Senior Notes will carry a coupon of 6.750% per annum and will be sold at par (the “New Notes”). The issuance of the New Notes is expected to close on or about May 29, 2025, subject to customary closing conditions. Bombardier intends to use the proceeds of the offering of the New Notes, togeth...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch