Bombardier turnaround ‘in full motion’ as losses narrow
Bombardier, which has a substantial train-making facility in Derby, has said in its latest full-year results that its turnaround is "in full motion".
Revenues dropped at the Canadian firm for the year to December 31 2016, down from $18.2bn to $16.3bn, but losses narrowed from $5.34bn to $981m.
CEO Alain Bellemare said: "In 2016, Bombardier delivered on its financial commitments.
"We met our programme milestones and we’ve positioned the company to achieve all of the financial goals in our five-year turnaround plan, including being... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
