Bombardier ruling risks thousands of Belfast jobs

by Dwayne Torres September 28, 2017, 0:10
Bombardier ruling risks thousands of Belfast jobs

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She told BBC Radio 4's Today programme: "The Bombardier situation is quite a crucial one because these are United Kingdom jobs that we depend on, thousands, and actually the Government were involved in that contract process and were robust".

In a statement, Canadian Foreign Minister Chrystia Freeland said her government strongly disagreed with the ruling and would "always defend Canadian companies and Canadian workers against unfair and costly protectionism".

The decision follows a complaint from Boeing that Canadian firm Bombardier, was able to sell the jet at a below market rate price, due to the subsidies it receives from the United Kingdom and Canada.

In a preliminary decision, the department ruled that Bombardier had benefited from improper government subsidies and proposed a 220 per cent duty on Bombardier's CSeries jets.

More than 4,000 people are directly employed by them in Northern Ireland and thousands more jobs are supported through the manufacturer's supply chain, according to trade unionists.

"Subsidies enabled Bombardier to dump its product into the U.S. market, harming aerospace workers in the United States and throughout Boeing's global supply chain", Boeing said yesterday. Boeing wants, and we want, a long-term partnership, but that has to be two-way.

George Burnside, a senior steward at Bombardier Belfast, said fear of what the ruling may hold was stalking the work floor but the final ruling on punitive charges could be made in the USA in February.

Couillard said Tuesday's announcement was not a positive development in U.S.

The decision to impose the 219.6 per cent duty was quickly met with condemnation by union leaders, the Canadian Chamber of Commerce and government ministers.

Bombardier employs more than 4,000 people at a plant in East Belfast.

Equities close marginally lower; Nifty50 at fresh intra-day high
Hero MotoCorp finished at the bottom on the Sensex list, falling 2.29 per cent to Rs 3,858.10, following profit taking activity. The rally came on the back of buying in capital goods, auto, power, PSU and banking stocks, rising by up to 1.44 per cent.

"The government will continue to work with the company to protect vital jobs for Northern Ireland", says the prime minister's office.

"They are going to apply for other defence contracts, and this type of attitude could clearly endanger our relationship", threatened Mr. Fallon.

"Boeing stand to gain a lot of British defence spending".

Boeing said it understood the Government's concerns about jobs in Belfast, but claimed Bombardier was not playing by accepted global trading rules.

Bombardier called the tariff "absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs".

Thousands of jobs are now at risk in the province after the Prime Minister unsuccessfully lobbied Donald Trump not to impose the restrictions.

The U.S. Commerce Department on Tuesday ruled in favor of Boeing, saying "the subsidization of goods by foreign governments is something that the Trump Administration takes very seriously".

"To protect jobs and our economy, we need to stay in the single market and customs union to preserve trade with our largest market - the EU".

An worldwide trade dispute with major implications for jobs in Northern Ireland is unjustified and unwarranted, the British Government said.

"There are further steps that will follow", she said in a statement.

The grounds for Boeing's complaint focused on a £135 million investment by Northern Ireland's powersharing administration and the UK Government to establish the C-Series manufacturing site in Belfast.

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