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Bombardier announced in its Q3 2018 results yesterday that it will be cutting about 5,000 jobs across the organisation over the next 12 to 18 months. The downsizing will lead to annualised savings of about US$250 million, to be expected by 2021.
This reduction in jobs comes as part of the transport manufacturer’s efforts to “streamline, lean out and simplify the company”. Efforts include a new enterprise-wide productivity programme where Bombardier’s central aerospace engineering team will be deployed to the business segments, and the new Advanced Technologies Office (ATO) which will focus on systems design and engineering.
Human Resources spoke to a representative from Bombardier Transportation India, who clarified that about 1,300 of the anticipated job cuts will be in the transportation business worldwide.
“Over the next few weeks, we will be able to provide more clarity to our employees on where, when and how these reductions will take place. This will obviously include production and non-production positions, contractual employees and planned retirements,” the spokesperson shared, affirming: “As always, we will address the situation directly with our employees, in a responsible way.”
Photo / Bombardier’s website