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Bombadier

Insidious Von

Insidious Von

My head is my home
Sep 12, 2007
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So Bombadier has announced anther round of employee layoffs - this irritates me to no end.

As a company they have sucked up over $700 million of taxpayers money and all the while being dysfunctional at the corporate level. This company is a family run entity being run into the ground. With so much public money at stake why didn't the government force a restructuring. It's infuriating, an innovative company like Spar Aerospace was allowed to vanish yet Bombadier continues to stumble on like a drunken sailor.

And I've seen it all before with Northern Telecom, will we ever learn?

Stronzi
 
Spar was bought out by two other aerospace firms, Bombardier will always get government money mainly because they are a Quebec based company. The Quebec provincial government will continue to lay out the cash because of the jobs and the fact the company has been a major part of manufacturing in Quebecfor so many years they will not allow the company to fail. Federal government will dole out the cash to keep Quebec happy and the Bombardier family just sits back and laughs as they control most of the voting stock which would be the class A shares.
 
Insidious Von said:
So Bombadier has announced anther round of employee layoffs - this irritates me to no end.

As a company they have sucked up over $700 million of taxpayers money and all the while being dysfunctional at the corporate level. This company is a family run entity being run into the ground. With so much public money at stake why didn't the government force a restructuring. It's infuriating, an innovative company like Spar Aerospace was allowed to vanish yet Bombadier continues to stumble on like a drunken sailor.

And I've seen it all before with Northern Telecom, will we ever learn?

Stronzi
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Actually, Bombardier is not family owned. You have them confused with Bombardier Recreational Products.
 
saxon said:
Spar was bought out by two other aerospace firms, Bombardier will always get government money mainly because they are a Quebec based company. The Quebec provincial government will continue to lay out the cash because of the jobs and the fact the company has been a major part of manufacturing in Quebecfor so many years they will not allow the company to fail. Federal government will dole out the cash to keep Quebec happy and the Bombardier family just sits back and laughs as they control most of the voting stock which would be the class A shares.
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It's all political. RIM and Nortel got nothing because they are not Quebec companies.Bombardier also makes lousy streetcars.
 
Bombardier and companies like these should be nationalized
 
What large company is not dysfunctional? You think the Cseries is a debacle? How does it compare to the B27B 787 or the 20B euro A400 that just had a fatal crash on a new plane, of the A380 that will likely never make any money and MAY break even. BBD is hitting some bumps now. When there is a need to slow down production due to lack of orders, then you gotta cut staff. How does that 700M compare to the $5B provided to GM?
 
Flip flop

nottyboi said:
What large company is not dysfunctional? You think the Cseries is a debacle? How does it compare to the B27B 787 or the 20B euro A400 that just had a fatal crash on a new plane, of the A380 that will likely never make any money and MAY break even. BBD is hitting some bumps now. When there is a need to slow down production due to lack of orders, then you gotta cut staff. How does that 700M compare to the $5B provided to GM?
Click to expand...

Hey,...you are the socialist,...why is any of what you state wrong,...???

FAST
 
FAST said:
Hey,...you are the socialist,...why is any of what you state wrong,...???

FAST
Click to expand...

All airliners were developed by socialist subsidies, if you don't like it take a boat next time you travel...trains were all socialist as well....as are roads, just walk then. Everything that makes the modern world tick is a product of socialism. The only question I pose is why criticize BBD when they are developing a clean sheet airliner for 5.1B while the 2 best players in the business have had recent projects go HORRIBLY wrong. The Cseries is a great plane and the project not that badly executed relative to the industry. Having the 3rd largest civil aerospace company in Canada is a great Socialist TRIUMPH!!!
 
Insidious Von said:
So Bombadier has announced anther round of employee layoffs - this irritates me to no end.

As a company they have sucked up over $700 million of taxpayers money and all the while being dysfunctional at the corporate level. This company is a family run entity being run into the ground. With so much public money at stake why didn't the government force a restructuring. It's infuriating, an innovative company like Spar Aerospace was allowed to vanish yet Bombadier continues to stumble on like a drunken sailor.

And I've seen it all before with Northern Telecom, will we ever learn?

Stronzi
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That's interesting but how is bombardier doing?
 
nottyboi said:
All airliners were developed by socialist subsidies, if you don't like it take a boat next time you travel...trains were all socialist as well....as are roads, just walk then. Everything that makes the modern world tick is a product of socialism. The only question I pose is why criticize BBD when they are developing a clean sheet airliner for 5.1B while the 2 best players in the business have had recent projects go HORRIBLY wrong. The Cseries is a great plane and the project not that badly executed relative to the industry. Having the 3rd largest civil aerospace company in Canada is a great Socialist TRIUMPH!!!
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Damn those socialist Americans,...:frusty:

Next we are going to hear that lowering taxes for corps. is socialism,...!!!

FAST
 
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FAST said:
Damn those socialist Americans,...:frusty:

Next we are going to hear that lowering taxes for corps. is socialism,...!!!

FAST
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Are you kidding, America is a very socialist country, you did know they have social security don't you? And the spend 800B a year on the largest socialist program on the planet, the Department of Defence. Have you heard of affirmative action? Medicare? National Parks? :thumb:
 
Bombardier's largest competitor is Embraer, a Brazilian company that gets just as many handouts as Bombardier. How can a company compete when all the competition gets government handouts? I'm pretty sure Boeing and Airbus get some kind of corporate welfare as well.
 
majindante said:
that is horrible bombadier use to offer very good jobs now if you get a good job at bombadier you are i terror of being layed off.
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That is life. To some degree the employees have themselves to blame for it. They are the ones responsible for developing and building the planes. If too much money is spent on that process, then the planes don't sell or arrive late to market costing the company BILLIONS of dolls, so cuts have to be made.
 
To some degree but it is the most senior management, if not at the Director level that ego plays like buying Learjet, and deciding to develop the Learjet 85 into an already well served segment that makes these bad decisions driven by ego.

The Learjet 85 program was stopped in January and $1.4 BILLION was written off, 1,000+ employees laid off and the stock crashed 25% .

At least they let me apply me Learjet 85 deposit onto a good deal they had on a demonstrator Global Express! :thumb:
 
Make up your mind

nottyboi said:
Are you kidding, America is a very socialist country, you did know they have social security don't you? And the spend 800B a year on the largest socialist program on the planet, the Department of Defence. Have you heard of affirmative action? Medicare? National Parks? :thumb:
Click to expand...

So by your definition,...every country in the world is socialist,....!!!

FAST
 
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