IN-DEPTH
Bombardier
A transportation giant evolves
Last Updated: Thursday, April 2, 2009 | 8:50 PM ET
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Bombardier employees work on a CRJ200 jet at the company's plant in Montreal. (Ryan Remiorz/Canadian Press) Joseph-Armand Bombardier's gift to the world was a clunky-looking machine that could carry people through the heavy snowfalls of rural Quebec.
Back in the 1930s, he dreamed of a vehicle that could "float on snow." His invention of the snowmobile lay the foundation of a Canadian corporate empire that eventually grew to encompass the manufacture of Sea-Doos, ATVs, sport boats, subway cars, high-speed commuter trains, turbo-props, business and commuter jets, and amphibious aircraft.
The first Ski-Doos, like these ones shown at the Bombardier museum in Valcourt, Que., were unveiled in 1959 by Joseph-Armand Bombardier. (Handout/Canadian Press) Along the way, it's provided work for tens of thousands of highly skilled employees — the kind of jobs governments are eager to entice with multimillion-dollar aid packages. The aid has been a lightning rod for critics, who say it amounts to corporate welfare. Brazil says the subsidies are illegal under international trade rules; Canada has made the same claim about Brazilian aid to the aircraft company Embraer.
Bombardier's business — especially its aerospace division — has been notoriously cyclical, with grave consequences for workers. Thousands of Bombardier's employees have been laid off in recent years as the company struggled against tough competitors, fallout from the Sept. 11, 2001, hijackings in the United States, and now the global economic crisis.
When passenger travel fell drastically after the Sept. 11 attacks, the airline industry contracted and demand for Bombardier's planes shrank. It shelved a long-awaited program to build C-Series regional passenger jets (seating 110-130) until market conditions improved and buyers could be secured.
Through this period, Bombardier shares plummeted — from $25 in early 2001 to a low of $1.87 in December 2004, rebounding somewhat to between $5 and $6 in 2007. As the global economic slowdown spread, demand for Bombardier's larger and smaller planes continued to erode.
The company finally forged ahead with the C-Series in mid-2008, announcing it had sufficient buyer interest in the new generation of greener, fuel-efficient aircraft to launch the program. The much-vaunted series is Bombardier's largest program ever and could eventually generate as many as 3,800 new specialized jobs.
But as Bombardier shifts its focus from larger aircraft to the future C-Series, it has shed jobs on older production lines. In February 2009, as many as 1,360 workers in the Learjet and Challenger aircraft division were laid off because of dwindling orders. On April 2 of the same year, Bombardier announced 3,000 more layoffs — more than a third in Quebec — as the company projected further reductions in aircraft deliveries.
Bombardier says the fundamentals of its aerospace industry remain solid, despite turbulence and volatility in recent years. It has said it expects "normal" market conditions to return in the medium and long-term and has set lofty goals to increase its profit margin.
The economic crisis also dented Bombardier's recreational products division, as sales of leisure vehicles such as Sea-Doos and Ski-Doos shrank amid lower consumer spending. The division announced a 20 per cent cut in production in late 2008, with as many as 1,360 jobs cut, mostly in Quebec.
Bombardier's rail and transportation division has been somewhat sheltered from the economic storm, given that large-scale transit infrastructure projects are mostly funded by the public sector.
Despite its difficulties, Bombardier remains one of Canada's biggest industrial employers. It's the world's biggest maker of passenger trains and the third-biggest maker of civilian aircraft. Even with several waves of layoffs, Bombardier anticipates a future labour shortage in its aeronautical division, as not enough workers have the highly specialized skills to fill new jobs created by the C-Series.
Quebec's homegrown global giant has come a long way from vehicles that could "float on snow."
Bombardier facts:
- Number of employees: 59,500.
- Headquarters: Montreal
- Revenues: $17.5 billion US (2008)
(Source: Bombardier.com)
Bombardier's corporate milestones:
- 1937: Joseph-Armand Bombardier receives approval for his snowmobile patent.
- 1942: L'Auto-Neige Bombardier Ltée is founded.
- 1942-1946: Bombardier manufactures nearly 2,000 tracked vehicles for military use.
- 1959: The first Ski-Doo goes on sale. CBC Archives: Bombardier: The Snowmobile Legacy
- Feb. 18, 1964: Joseph-Armand Bombardier dies of cancer at 56.CBC Archives: Younger generation takes over
- 1974: Bombardier wins the contract to build 400 subway cars for Montreal in preparation for the 1976 Olympics. CBC Archives: Beyond the snowmobile
- 1985: Bombardier acquires the assets and designs of American Locomotive Company/Montreal Locomotive Works.
- 1986: The company acquires Canadair, a Canadian aircraft manufacturer.
- 1988: The Sea-Doo personal watercraft is launched.
- 1990: Bombardier acquires Learjet Co. of Wichita, Kan., makers of luxury executive jets.CBC Archives: Bombardier buys Learjet Corp.
- 1991: The company launches the Bombardier Canadair Regional Jet.
- 1992: Bombardier acquires the assets of the Urban Transport Development Corp., an Ontario Crown corporation that operated in Kingston and Thunder Bay.
- 1994: Bombardier launches two sport boats, the Speedster and the Sportster.
- 1996: The U.S. passenger rail company Amtrak chooses a consortium of Bombardier and GEC Alsthom to build a high-speed rail system on the Washington-New York-Boston route.
- 1997: Bombardier wins a contract to supply 680 subway cars to New York City.
- 1998: In its largest rail contract to date, Bombardier agrees to a $2.6-billion order to design, supply and maintain 78 train sets for U.K.-based Virgin Rail Group.
- 1999: The World Trade Organization rules that Brazil's subsidies to aircraft firm Embraer were illegal. WTO also rules that a Canadian subsidy to Bombardier must end. CBC STORY: WTO rules on subsidy dispute between Brazil, Canada
- April 2001: Bombardier acquires Adtranz, the rail unit of Daimler Chrysler. The European Commission says the merger would create the world's largest producer of railway equipment. The purchase results in Bombardier filing a $1.4-billion lawsuit over the price of the deal, which is resolved in 2004 with a $200-million US price reduction. CBC STORY: Euro Commission approves Bombardier deal for Adtranz
- November 2001: Announcement of 3,800 layoffs, mostly in Montreal. CBC STORY: Bombardier to lay off 3,800 workers
- January 2002: The World Trade Organization rules that a $1.7-billion low-interest loan Ottawa made to Bombardier broke international trade rules. CBC STORY: WTO says Canada's Bombardier loans break trade rules
- September 2002: Bombardier's aerospace division lays off 1,980 people. Most of the layoffs are at its Montreal and Toronto locations. CBC STORY: Bombardier cutting 1,980 aerospace jobs
- October 2002: The company unveils its JetTrain high-speed locomotive.
- March 2003: Bombardier spins off Bombardier Recreational Products for its personal watercraft and snowmobiles. The Bombardier family buys a stake in the new division. The company also sells the Belfast City Airport, its military aviation division and much of its portfolio in the business aircraft market. CBC STORY: Bombardier unveils 'recovery' plan, sale of Ski-Doo division
- April 2003: The company wins a contract worth $7.9 billion to modernize the London Underground. CBC STORY: Bombardier in $7.9-billion deal for London Underground revamp
- December 2003: Bombardier announces the layoff of 3,000 workers in its aerospace division, mostly in Montreal and Toronto.CBC STORY: Bombardier laying off 3,000 workers at aerospace division
- March 2004: Bombardier announces it will cut 6,600 jobs from its rail division, mostly by closing seven plants in Europe over the following two years. About 700 of the job cuts will be in Canada.CBC STORY: Bombardier cutting 6,600 European jobs in rail division
- May 2004: Bombardier announces 500 job cuts from its aircraft plant in Montreal. CBC STORY: Bombardier cuts 500 more jobs, posts big loss
- July 2004: A consortium led by Bombardier, including five Korean companies, wins a $600-million US contract to build a rapid transit rail system in South Korea. CBC STORY: Bombardier wins Korean transit contract
- October 2004: The aerospace division of Bombardier cuts 2,000 jobs, most of them in the Montreal area.CBC STORY: Bombardier cuts 2,000 jobs; most in Montreal area
- December 2004: CEO Paul Tellier leaves Bombardier. The company announces that the presidency will be held by a three-person office, chaired by current executive chairman Laurent Beaudoin.CBC STORY: Paul Tellier out as Bombardier CEO
- April 2005: Bombardier sells finance division to GE for $825 million US.
- May 2005: Bombardier picks Montreal as site for assembly of larger C-Series aircraft, which seat 110 to 130 passengers.CBC STORY: Bombardier picks Montreal for new jets
- November 2005: Bombardier shifts 300 jobs making and assembling ATVs from Quebec to Mexico. CBC STORY: Bombardier Recreational Products shifting ATV production from Quebec to Mexico
- January 2006: Bombardier shelves plans for its new C-Series jet until the market improves.CBC STORY: Bombardier shelves plans for C-Series jet
- October 2006: Bombardier cuts 685 jobs in Canada and 645 in Northern Ireland as regional jet orders slump. But it says it will hire workers in Toronto as it increases production of its Q-Series turbo-prop aircraft. CBC STORY: Bombardier cuts 1,330 jobs in Canada, Northern Ireland
- July 2008: Bombardier announces the launch of the C-Series regional jet, to be manufactured mostly at the company's Mirabel plant north of Montreal. CBC STORY: Bombardier announces new fuel-efficient regional jet
- December 2008: Bombardier Recreational Products announces a 20 per cent production cut and layoffs across all divisions because of lower demand for power-sport vehicles. Up to 1,360 jobs are lost. Bombardier Recreational cutting jobs, production
- February 2009: Bombardier cuts deeper in its aeronautical sector, eliminating 1,360 jobs because of lower production demand for Learjet and Challenger aircraft. More than half the jobs are in Montreal, with the rest spread between Belfast, Northern Ireland, and Wichita, Kan. Bombardier Aerospace laying off 1,360 workers
- March 2009: Bombardier Aerospace announces two lucrative deals for its C-Series aircraft — one with Deutsch Lufthansa AG for 30 planes, worth $1.92 billion US. The second is with Lease Corporation International Aviation Ltd. for 20 jets, worth $1.44 billion US. Bombardier to build 30 planes for Lufthansa in $1.9B deal
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