10:03:07 EDT Fri 29 Mar 2024
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Bombardier Inc
Symbol BBD
Shares Issued 1,932,782,764
Close 2018-01-19 C$ 3.13
Market Cap C$ 6,049,610,051
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Globe says Bombardier, union start contract talks early

2018-01-22 07:49 ET - In the News

The Globe and Mail reports in its Monday, Jan. 22, edition that Bombardier is scheduled to begin talks with representatives from Unifor on Monday, weeks ahead of their normal start, union president Jerry Dias said. The Globe's Nicolas Van Praet writes that the advancement of the talks, Mr. Dias said, is directly linked to Bombardier's decision to seek buyers for the Downsview site. Mr. Dias said: "The simple reality is that there are a lot of complex issues on the table so people are going to get to the bargaining table early. There is an incredible cloud of uncertainty and the first thing we need is answers before we even make any sort of determination of how we're going to move forward." Acceleration of the talks underscores how much is at stake in determining the future of Bombardier at Downsview. In addition to hundreds of unionized Unifor workers whose collective agreement expires in June, the Ontario and Canadian governments have significant skin in the game after ploughing hundreds of millions of dollars into the site over the years. Bombardier confirmed earlier this month that it was seeking buyers for its Downsview land, where it builds Q400 turboprop planes and Global luxury jets.

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