Canadian transportation company reaffirms the sale remains on track to close in the first half of 2021.
Beaudoin tells shareholders the board “respected the company’s contractual obligations” to the former chief executive.
Company says the move doesn’t change anything in terms of its liquidity and status as an actively traded stock on the TSX.
Most reductions will impact manufacturing operations in Canada and take place progressively throughout the year.
Advisory agency says practises raise “serious questions” given the company’s weak financial performance before his dismissal.
Expects business activity to hit a low point in Q2, before gradually recovering in the second half of the year.
About 70% of the pane and train maker’s Canadian workforce of more than 17,600 employees had been temporarily laid off.
Will carry out sanding, painting and assembly work on the equipment for Brampton, Ont.-based O-Two Medical Technologies.
Alain Bellemare is out; Martel said he is excited and honoured to rejoin Bombardier as it begins a new chapter
Australian Strategic Policy Institute says factories supplying global brands – exploited more than 80,000 Uighur Muslims transferred out of their home province.
Concerned about pure business jet play; higher margins but the luxury industry is more volatile than rail.
Will focus on business jets as Alstom scales up amid rising competition from China’s state-owned CRRC.
Transferred shares to Airbus SE and the Quebec government in a move to emerge from more than $9 billion in debt.
Possible sale of the plane-and-train maker’s Quebec-based business jet unit or its Berlin-based rail subsidiary.
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.