Bombardier to cut 7,500 jobs

Bombardier, which has a significant presence in Derby, is set to cut 7,500 jobs – the second time it has shaved 10% off its workforce this year.

Around two-third of the cuts will be in its rail division, Bombardier Transportation, which has a base in Derby.

The firm said the job cuts will mean restructuring charges of between £184-£224m in the fourth quarter of the year – as well as into 2017.

Bombardier says the reason behind the move is that it has too many sites producing similar components.

It is not known how many jobs will be lost in Derby (if at all). A spokesperson for Bombardier Transport told TheBusinessDesk.com: “There will be further announcements on the impact on the transport business in specific countries/sites over the next few weeks.”