07-05-2015, 09:49 AM
(07-05-2015, 02:55 AM)BrianT Wrote:(07-04-2015, 11:13 AM)tomh009 Wrote: The fact that they are looking for someone to take a stake in the rail division is really neither here nor there as far as the LRT construction goes.
If Bombardier wants to continue to have Mexico in their supply chain, they are going to have to teach the Mexicans how to get the job done properly. They can't afford to have layoffs in Thunder Bay because the Mexican plant has screwed up.
http://www.cbc.ca/news/canada/thunder-ba...-1.3127363
Exactly why I am concerned.
Bombardier is competing against giants in the aerospace industry. They need cash to buy time to get their new planes out for successful sales (hopefully). The way they are doing this is by selling part/all of its rail unit and by cutting costs.
This has a direct impact on ION. What assurances/penalty clauses are in place? Byford and the TTC found out the hard way that on a $1.2 billion contract, a $50 million penalty clause gets them a morning meet and greet and a GTFO from Bombardier.