Bombardier to axe 7,000 jobs worldwide

More than 1,000 roles could be lost in Northern Ireland

Canadian aircraft and train manufacturer Bombardier has announced plans to cut its workforce by about 7,000 over the next two years.

The losses will mostly be from its transportation and aerostructures divisions and will include 2,000 contractors.

Bombardier said 580 jobs will be lost at its Northern Ireland operation this year and potentially a further 500 next year. The company is Northern Ireland's largest manufacturing employer.

However, the company said job losses will be partially offset by hiring for the production of its C Series commercial jets.

Alain Bellemare, president and chief executive, said: “Throughout 2016 and 2017 we will adapt our global manpower to current market conditions, while hiring to support growing segments.

“These adjustments are always difficult. They are important to ensure that, with our 64,000 employees worldwide, we continue to create superior value for our customers, be more competitive, and deliver improved financial performance.”

Bombardier made the announcement as it unveiled its full year results for 2015. The company said it had made a net loss of $5.3 billion (£3.7 billion) in the 12 month period, and had revenues of $18.2 billion - 10% lower than 2014.

The company said it had signed a letter of intent with Air Canada for up to 75 CS300 aircraft.