No manpower impact anticipated
Bombardier has taken a measured decision to reduce the production output of its CRJ aircraft, effective January 2012, to align with current market demand. As a result of mitigation actions, which include employee transfers to other current and in development aircraft programs at Bombardier Aerospace, no manpower impact is anticipated.
“Although several sales campaigns for our CRJ aircraft are making progress and the long-term prospects for the CRJ program remain positive, the reduced pace of orders has made a review of our production plans necessary,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “For these reasons and after careful consideration, a CRJ aircraft production decrease is warranted in the short term. However, thanks to the support and collaboration of our union representatives, we do not anticipate that the rate reduction will have an impact on our workforce.”
As announced earlier this year, Bombardier’s guidance in terms of commercial aircraft deliveries for 2011 of approximately 90 aircraft remains relatively the same. Guidance for 2012 will be provided as usual after the end of the current fiscal year.
Bombardier manufactures the most diversified line of innovative aircraft products and services which provide operators with optimized solutions that meet their business objectives. Bombardier will ensure its continued success over the long term and maintain its leadership position by increasing its focus on customers, engaging its employees and building a lean enterprise, as well as continuing to invest in current and future products.
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2011, were $17.7 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter @Bombardier.
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