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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (1088)	3/5/2003 1:37:48 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Aerospace Implements Further Measures to Meet Market Challenges MONTREAL, QUEBEC--MARCH 5, 2003 - 08:05 EST Bombardier Aerospace today announced that it is taking additional steps to meet the continuing challenges facing the aviation industry. Measures include a further reduction in staffing. A total of 3,000 employees will be laid off at the Bombardier Aerospace facilities in Montreal, Toronto and Belfast over the next 12 months. "In view of challenging market conditions, we have a responsibility to take aggressive actions to continuously improve our competitive edge and align our production rate with market demand," explained Pierre Beaudoin, president and chief operating officer, Bombardier Aerospace. "In this period of consolidation, Bombardier Aerospace will continue to invest in customer service and to support in-service aircraft. Along with the most diversified line of innovative products, Bombardier Aerospace will emerge stronger as the premier manufacturer of the world's finest aircraft," added Mr. Beaudoin. Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design, and manufacture of innovative aviation products and provides services for the regional, business and amphibious aircraft markets. It also offers Bombardier Flexjet* fractional ownership, aircraft charter and management, technical services, aircraft maintenance and pilot training for business, regional airline and military customers. Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at CDN$21.6 billion. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). * Trademarks of Bombardier Inc. or its subsidiaries.