Bombardier Transportation : Agreement Reached on the Reorientation of Bombardier Transportation in G

Bombardier Transportation : Agreement Reached on the Reorientation of Bombardier Transportation in Germany, Laying the Foundation for the Future

ID: 550565

(Thomson Reuters ONE) -
Bombardier Transportation /
Bombardier Transportation : Agreement Reached on the Reorientation of Bombardier
Transportation in Germany, Laying the Foundation for the Future
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

- Sites to specialise in development or production
- Outlook confirmed for German sites
- Personnel adjustments to be made gradually until 2020

BERLIN, GERMANY--(Marketwired - Jun 29, 2017) - As part of the global
transformation that Bombardier announced in October 2016, the management and
employee representatives of Bombardier Transportation have agreed on an outline
for the reorientation and safeguarding of the German sites. The cornerstones of
this outline were mutually accepted at today's Supervisory Board meeting. They
describe how the sites will specialise in either the development or production
of rail technology over the next two to three years. At the core of this
specialisation are product innovation, digitalisation and the increased use of
modern Industry 4.0 processes.

"It was important that all parties, after intensive negotiations, were able to
agree on the cornerstones of the long-term orientation of our sites," said
Wolfgang Tolsner, Chairman of the Supervisory Board of Bombardier Transportation
in Germany. "Upon mutual agreement, we accepted a convincing strategy today,
setting the course for Bombardier to reach greater efficiency and
competitiveness in Germany. This strategy for the future foresees investments of
up to 70 million euro in the German sites until 2019. All German sites will
remain open."

The cornerstones stipulate that five German sites will develop into Centres of
Competence with a global strategic importance for the entire group. This applies
to the sites of Bautzen, Hennigsdorf, Kassel, Mannheim and Siegen. The Gorlitz




site will also have long-term development outlook. No conceptual changes are
foreseen for the sites in Braunschweig and the headquarters in Berlin.

This modernisation and specialisation of the sites will involve some personnel
adjustments. Based on current assumptions and depending on market development
and order intake, manpower adjustments of up to 2,200 positions, of which 700
temporary positions, will be made gradually until 2020. The personnel
adjustments impact all sites in Germany, but the majority of the positions will
be in Gorlitz and Hennigsdorf.

In all the upcoming measures, employee interests will be adequately represented
through a social compensation plan to be agreed upon. Every available tool will
be taken into consideration - from collective wage agreements to operational
measures - to minimise the impacts of the reorganisation on those employees
directly affected. A balance of interests and a social compensation plan are to
be agreed near-term. The Supervisory Board expects Management to avoid forced
redundancies until 2019.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the
broadest portfolio in the industry. It covers the full spectrum of rail
solutions, ranging from trains to sub-systems and signalling. The company also
provides complete transport systems, e-mobility technology and maintenance
services. As an innovation driver, Bombardier Transportation continuously breaks
new ground in sustainable mobility. It provides integrated solutions that create
substantial benefits for operators, passengers and the environment.
Headquartered in Berlin, Germany, Bombardier Transportation employs around
37,150 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
North America Index. In the fiscal year ended December 31, 2016, we posted
revenues of $16.3 billion. News and information are available at bombardier.com
or follow us on Twitter (at)Bombardier.

Notes to Editors

For news releases, related material and photos, visit our media centre at
www.bombardier.com/en/media-centre.html. Please subscribe to our RSS Feed to
receive press releases or follow Bombardier Transportation on Twitter
(at)BombardierRail.

Bombardier is a trademark of Bombardier Inc. or its subsidiaries.

You can also contact one of our worldwide contacts for specific press inquiries.

Contact Information

Contacts:
Andreas Dienemann
Media Relations Germany
+49 3302 89 4260
andreas.dienemann(at)rail.bombardier.com

Group Media Relations
+49 30 98607 1687
press(at)rail.bombardier.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Bombardier Transportation via GlobeNewswire




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Datum: 29.06.2017 - 17:57 Uhr
Sprache: Deutsch
News-ID 550565
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