Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Bombardier ‘To Cut 2,000 Jobs’

Posted: July 5th, 2011 | Author: | Filed under: By Location, UK | Tags: | No Comments »

Train-making firm Bombardier is set to announce up to 2,000 job losses – with the Government’s decision to award a lucrative order to a German consortium being blamed.

Such a move would result in two thirds of the workforce at its UK plant in Derby losing their jobs.

Bombardier had been competing with a consortium led by Siemens for a contract for 1,200 new carriages as part of a £5m upgrade of the Thameslink rail route, which runs from Bedford to Brighton.

From: News.Sky

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