Bombardier to Cut 490 Jobs in Northern Ireland

   By Nathan Allen

Bombardier Inc. (BBD.B.T) said Wednesday that it will cut 490 jobs from its workforce in Northern Ireland as part of an extensive round of layoffs announced earlier this month.

The Canadian plane and train maker said it was looking for opportunities to mitigate the number of compulsory redundancies but emphasized the need to cut costs and improve efficiency.

A failed push to take on larger rivals Boeing Co. (BA) and Airbus SE (AIR.FR) with a single-aisle jetliner has left the group facing severe financial pressure.

Earlier this month it announced it would be cutting 5,000 jobs from around the world and selling its training unit and turboprop-aircraft program.

Bombardier's operation in Northern Ireland encompasses engineering, manufacturing and services. It is the largest manufacturer in the country and accounts for around 10% of total manufacturing exports, according to the company's website.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

November 21, 2018 09:20 ET (14:20 GMT)

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