Citing lagging sales and rising costs Bombardier has imposed a wage freeze on it's non unionized employees, but unionized workers will get the wage increases contained in their collective bargaining agreements.
now. What then happens is more and more cuts as we have seen with Bombardier. This now is just the latest ones. If the shareholders are still not happy, more measures will be taken and more will be let go. What does this mean in the end for their customers? It means that they will end up getting products that do Ralph Lauren Sweater Jacket
The decision, contained in a memo that went out last week, will affect about 38,000 employees at the head office, Bombardier Aerospace and Bombardier Transportation.
The company had already begun a cost cutting programme that included restricting business travel replacing it with video conferencing when possible and slashing training budgets.
They are failing to meet shareholders expectations. We hear this more and more Ralph Lauren Bomber Jacket
Bombardier imposes wage freeze
shares can get their money. Then the blame game comes along because now they produce a product not as good as it should be and the CEO or other top official will be let go and the cycle starts again.
Being a supplier to Bombardier for many years they it isn't as easy as we see it . They are in a global market which is very competitive. They were small players agsainst Boeing and Airbus and now a Chinese supplier. They tried to expand in the middle size aircraft passenger but are realizing that its not that simple. Also they have a Staff that is extremely Quebec making it extremely difficult to attrack engineering talent from abroad. Now Imagine a seperate Quebec with its own Country Credit rating whic will be below Canada and USA. You now have a Quebec money value at above 40% below as the EU . Now what do you do Competitively ?? Move or downsize back to Canadair Waterbombers ,,
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