Bombardier Ajusts Plans in Accordance With the New
Deutsche Bahn 10-Billion Euro Investment Program in
Germany
BERLIN, GERMANY--JANUARY 27, 2002 - 13:50 EST
On November 13, 2001, Bombardier Transportation
announced its new manufacturing strategy for Europe which entails
the concentration of capital-intensive activities such as carbody
and bogie production in specialized sites and the optimal use of
its extensive manufacturing network across Europe for final
assembly activities.
The December 2001 announcement of the Deutsche Bahn AG 10-billion
Euro investment program for renewal of rolling stock over the next
years changed the German market profile in terms of volume and
timing. On-going discussions with interested parties have allowed
Bombardier Transportation to validate its new assessment of the
market for rolling stock equipment in the next three years.
Based on these circumstances, Bombardier Transportation concluded
that its Ammendorf site should complete the orders already in
production, be retained for final assembly activities to the
extent warranted by additional demand and gradually be converted
into its main refurbishment and services location in Germany.
Regrettably, these new market conditions will not take effect soon
enough to prevent a reduction in workforce at the Ammendorf plant
in 2002.
Bombardier Transportation is the global leader in the rail
equipment, manufacturing and servicing industry. Its wide range of
products includes passenger rail cars and complete rail
transportation systems. It also manufactures locomotives, freight
cars, propulsion & controls and provides signaling equipment and
systems.
Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 79,000 people in 24 countries
in the Americas, Europe and Asia- Pacific and revenues for its
fiscal year ended Jan. 31, 2001 totaled $16.1 billion Cdn. |
