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Bombardier Inc (BBDb.TO)

BBDb.TO on Toronto Stock Exchange

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Wed, Jul 10 2019

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Canada's Bombardier to lay off 550 workers at Ontario rail plant

MONTREAL Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employees, at its passenger train plant in Ontario, effective Nov. 4, confirming earlier media reports.

UPDATE 1-Canada's Bombardier to lay off 550 workers at Ontario rail plant

MONTREAL, July 10 Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employees, at its passenger train plant in Ontario, effective Nov. 4, confirming earlier media reports.

Bombardier to lay off 550 workers at Thunder Bay, Ontario, plant: BNN Bloomberg

Canada's Bombardier Inc is laying off half the 1,100 workers at its Thunder Bay, Ontario, railway car plant, BNN Bloomberg reported on Tuesday, citing a federal government source.

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.

Secrets lawsuit to be dropped under Mitsubishi-Bombardier deal

A trade secrets lawsuit brought by Canada’s Bombardier against the aircraft unit of Mitsubishi Heavy Industries Ltd has been "stayed" or suspended and will be dropped when a deal for the Japanese company to buy Bombardier's regional jet program closes, Mitsubishi said on Tuesday.

UPDATE 7-Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

* Mitsubishi Heavy shares fall 1.5% (Adds Mitsubishi Heavy share reaction, analyst comment)

Secrets lawsuit to be dropped under Mitsubishi-Bombardier deal

June 25 A trade secrets lawsuit brought by Canada’s Bombardier against the aircraft unit of Mitsubishi Heavy Industries Ltd has been "stayed" or suspended and will be dropped when a deal for the Japanese company to buy Bombardier's regional jet programme closes, Mitsubishi said on Tuesday.

Deals of the day-Mergers and acquisitions

June 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

Canada's pain Japan's gain, as Mitsubishi buys CRJ jet

PARIS/MONTREAL Japan's Mitsubishi, which agreed on Tuesday to buy Bombardier's loss-making regional jet program, plans to exploit the Canadian company's support network and global customer list to rejuvenate its delayed efforts to conquer the jet market.

Bombardier to sell regional jet program to Mitsubishi for $550 mln

June 25 Canadian plane and train maker Bombardier Inc will sell its regional jet program to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, the companies said on Tuesday.

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