Bombardier to cut 7,500 jobs
Bombardier, which has a significant presence in Derby, is set to cut 7,500 jobs - the second time it has shaved 10% off its workforce this year.
Around two-third of the cuts will be in its rail division, Bombardier Transportation, which has a base in Derby.
The firm said the job cuts will mean restructuring charges of between £184-£224m in the fourth quarter of the year - as well as into 2017.
Bombardier says the reason behind the move is that it has too many sites producing similar components.
It is not known how many jobs will... 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...
