Bombardier put its Belfast wing-making factory on the block as part of a wider s...
MONTREAL/BELFAST - Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s failure to commit to meeting its 2020 goals knocked as much as 10 percent off its shares.
The plant and its 3,600 workers are also important constituency for Northern Ireland’s largest unionist party, the Democratic Unionist Party, which is propping up Prime Minister Theresa May’s minority government. Bombardier is shedding its commercial aviation businesses to focus on more profitable corporate jets and passenger rail cars.Bellemare said the company will be working with Europe’s Airbus SE to find a buyer for the wing-making facility, which produces wings for the A220 narrowbody jet.
A spokesman for Britain’s May said while disappointing and unsettling for workers, Bombardier’s Belfast business has a healthy long-term order book.
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