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including a first look at tomorrow's papers. Here, on BBC | :00:00. | 3:59:59 | |
Hello and welcome to BBC Newsline. papers. Here, on BBC One, it's now | :00:00. | :00:00. | |
Up to 1,000 jobs are going over the next two years at Bombardier. | :00:07. | :00:09. | |
Half the posts will be lost this year. | :00:10. | :00:12. | |
The company has struggled to get orders for its new C Series planes. | :00:13. | :00:16. | |
Our business correspondent Julian O'Neill is outside Bombardier | :00:17. | :00:18. | |
Bombardier posted losses of $5 billion for 2015. Its financial | :00:19. | :00:34. | |
problems have been well chronicled in recent months but today there | :00:35. | :00:39. | |
were consequences for its global workforce including here in Belfast. | :00:40. | :00:41. | |
Uncertainty has hung over the workforce for many months | :00:42. | :00:45. | |
as a financial storm cloud moved in from Canada. | :00:46. | :00:51. | |
Bombardier is going to spread these job losses across a period | :00:52. | :00:54. | |
580 posts will go this year with the potential for the same | :00:55. | :01:02. | |
Delays and cost overruns on the new passenger plane has taken | :01:03. | :01:09. | |
Savings have had to be found and jobs are now set to go just | :01:10. | :01:17. | |
weeks after a pay offer was rejected. | :01:18. | :01:22. | |
We knew it was going to happen but we didn't think it | :01:23. | :01:37. | |
I hope I'm employed next year but I'm 62 so it will affect | :01:38. | :01:40. | |
We knew it was going to happen but we didn't think it | :01:41. | :01:49. | |
The concerns for the future and their children. Massive closures in | :01:50. | :02:08. | |
the the North West and infant manner we've job losses. It's time that the | :02:09. | :02:14. | |
executive stood up and be real about what we do in the future. | :02:15. | :02:26. | |
The permanent staff are concentrated in east Belfast but others are based | :02:27. | :02:33. | |
in Don Murray, new scenario and Newton arts. These Belfast is dealt | :02:34. | :02:40. | |
with in one of those before and some felt the pain of the workforce. | :02:41. | :02:55. | |
We may need to bring jobs into east Belfast. | :02:56. | :03:00. | |
Bombardier has had huge historic levels of government financial | :03:01. | :03:02. | |
support and the executive believes its importance | :03:03. | :03:03. | |
to the economy is not diminished by today's announcement. | :03:04. | :03:07. | |
I've been with the senior management on five occasions and we know it has | :03:08. | :03:11. | |
been confirmed that the long-term future of the Belfast | :03:12. | :03:14. | |
The company had billed 2016 as a year of transition. | :03:15. | :03:22. | |
After months of speculation, its turnaround strategy is now known | :03:23. | :03:26. | |
to involve what was feared - large-scale job losses. | :03:27. | :03:38. | |
The root cause of the problems has been its troubled sea series | :03:39. | :03:44. | |
passenger jet project. It is a project which has taken the company | :03:45. | :03:48. | |
right to the very brink, necessitating a huge bailout from | :03:49. | :03:51. | |
the provincial government in Colback. My colleague now looks | :03:52. | :03:56. | |
behind today's job losses at the problem. | :03:57. | :03:58. | |
The C Series is Bombardier's dream of the future. | :03:59. | :04:00. | |
Cutting-edge technology, great fuel efficiency and the best | :04:01. | :04:02. | |
Its aim - to take on the giants of Boeing and Airbus | :04:03. | :04:07. | |
The Belfast wing factory was officially opened | :04:08. | :04:16. | |
by the Prime Minister a decade later. | :04:17. | :04:20. | |
Developing a new plane is a time-consuming | :04:21. | :04:22. | |
The C Series has been beset by cost overruns and delays. | :04:23. | :04:29. | |
It was originally due to enter service in 2013, | :04:30. | :04:32. | |
it should finally be flying commercially this year. | :04:33. | :04:36. | |
It started out with a development budget of $3.4 billion. | :04:37. | :04:40. | |
It is also entering a fiercely competitive market. | :04:41. | :04:46. | |
Boeing and Airbus have tweaked their models and slashed | :04:47. | :04:48. | |
prices, as a result sales of the C Series have been slow. | :04:49. | :04:53. | |
The launch target was 300 orders but only 243 have been booked, | :04:54. | :04:59. | |
all of this has weakened the entire Bombardier company. | :05:00. | :05:03. | |
They took an enormous risk, they're well out of their comfort | :05:04. | :05:06. | |
zone, they have produced a good aeroplane but it is coming | :05:07. | :05:11. | |
in the wrong place and at the wrong time. | :05:12. | :05:15. | |
All of the major international airlines went on a spending spree | :05:16. | :05:19. | |
for new aircraft last year and thousands of new aircraft | :05:20. | :05:22. | |
were booked by both Boeing and Airbus. | :05:23. | :05:25. | |
The C Series didn't join in that party. | :05:26. | :05:30. | |
The state government in Quebec has effectively given the C Series | :05:31. | :05:32. | |
a $1 billion bailout and more public money could follow. | :05:33. | :05:38. | |
It's not forecast to turn a profit until 2020 at the earliest. | :05:39. | :05:43. | |
The company needs to cut costs and conserve cash. | :05:44. | :05:47. | |
That's what today's job losses are about. | :05:48. | :05:55. | |
Today of all days, a glimmer of hope. | :05:56. | :05:59. | |
There was some better news for Bombardier today when Air Canada | :06:00. | :06:02. | |
signed what's call a letter of intent to buy a number | :06:03. | :06:04. | |
The type of news this company needs going forward and were not talking | :06:05. | :06:14. | |
about the survival of jobs here at Bombardier. We also talking about a | :06:15. | :06:19. | |
supply chain. As many as 3000 other jobs in smaller aerospace companies | :06:20. | :06:25. | |
throughout Northern Ireland who supply this company with parts, they | :06:26. | :06:29. | |
have a vested interest in the survival and the prosperity of this | :06:30. | :06:33. | |
company as does the Northern Ireland economy for this is one of our most | :06:34. | :06:36. | |
important manufacturing companies. But Bombardier needs a lot more | :06:37. | :06:38. | |
orders like this. The head of Bombardier locally, | :06:39. | :06:40. | |
Michael Ryan, told our Business and Economics Editor John Campbell | :06:41. | :06:43. | |
why today's move was necessary. Bombardier announced | :06:44. | :06:47. | |
today their year end results which if you look at it was close | :06:48. | :06:48. | |
to a $5 billion loss. They also announced some good news | :06:49. | :06:54. | |
on the sales of the C Series but fundamentally the sustainability | :06:55. | :06:57. | |
of the company needs to be addressed because it is not possible | :06:58. | :07:01. | |
to continue, and part of that is a transformation | :07:02. | :07:04. | |
which is underway and part of that transformation is optimising | :07:05. | :07:07. | |
the workforce and that is at When we look at the aerospace side | :07:08. | :07:11. | |
in Belfast, it's the single largest what kind of assurances can you give | :07:12. | :07:17. | |
that the long-term future of this The global aerospace world | :07:18. | :07:32. | |
is looking at optimising and it was going to what we call | :07:33. | :07:41. | |
lower cost countries and if we want to compete | :07:42. | :07:43. | |
in a global marketplace we need I have to say the technologies | :07:44. | :07:46. | |
we are investing in, the value-added processes, | :07:47. | :07:50. | |
the programmes we're looking at, are a key part of Belfast's future | :07:51. | :07:52. | |
and will continue to be. If I read that correctly, | :07:53. | :07:55. | |
you are saying the high-value work around wings, composites, | :07:56. | :07:57. | |
that will stay in Belfast, some of the more basic processes, | :07:58. | :08:02. | |
there's every chance that work will have to go to | :08:03. | :08:05. | |
lower cost locations. We have factories in Mexico | :08:06. | :08:10. | |
and Morocco and we have a world-class supply chain | :08:11. | :08:16. | |
and that is based Earlier, I spoke to the Canadian | :08:17. | :08:18. | |
Broadcasting Corporation's business He told me the jobs losses | :08:19. | :08:24. | |
at Bombardier here were making Even though we have the headquarters | :08:25. | :08:30. | |
here, you do a lot of the assembly, the important and core work, | :08:31. | :08:36. | |
and we as a country as well are concerned about that | :08:37. | :08:39. | |
and that is why the government has been funding a lot of money | :08:40. | :08:42. | |
into Bombardier to make sure it stays in Canada with those high-tech | :08:43. | :08:45. | |
jobs, not just important here but in Northern Ireland | :08:46. | :08:48. | |
as well, so we share similarities as far as the concern of the health | :08:49. | :08:51. | |
of Bombardier going forward. 2,000 jobs to be slashed | :08:52. | :08:56. | |
in the Montreal office. This is as part of the 7,000 | :08:57. | :09:02. | |
job loss announcement. What is interesting | :09:03. | :09:06. | |
is in the C Series division they are saying no jobs will be cut, | :09:07. | :09:09. | |
they'll be increasing that division, but head office jobs | :09:10. | :09:13. | |
are losing the lion's share, but rail jobs are losing | :09:14. | :09:19. | |
the lion's share, 3,200 jobs, so we are | :09:20. | :09:21. | |
affected here as well. Is the view in Canada that people | :09:22. | :09:23. | |
should be happy to keep the jobs there and not worry so much | :09:24. | :09:26. | |
about the jobs elsewhere, We have an affinity | :09:27. | :09:29. | |
with Northern Ireland but people in Montreal, | :09:30. | :09:33. | |
where the company is based, would be concerned about keeping it | :09:34. | :09:35. | |
in Montreal and there are 34,000 jobs reliant on Bombardier staying | :09:36. | :09:38. | |
in Quebec so I wouldn't say we're dismissive of Northern Ireland | :09:39. | :09:43. | |
but we are sharing the pain. What do you think the long-term | :09:44. | :09:48. | |
prognosis is? This is where it gets tricky | :09:49. | :09:50. | |
because they are in a negative cash flow position, this has cost them | :09:51. | :09:54. | |
$5.5 billion to get 2 billion in over-costs and what it | :09:55. | :09:56. | |
comes down to is this single-aisle It goes directly against Boeing | :09:57. | :10:00. | |
and Airbus and those are very large-pocketed companies | :10:01. | :10:04. | |
and there is concern with analysts saying they have taken a bit off | :10:05. | :10:06. | |
more than they can chew? Does it have the resources to be | :10:07. | :10:09. | |
able to go up against those competitors or are we going to be | :10:10. | :10:12. | |
in a spiral of continuing The First Minister Arlene Foster has | :10:13. | :10:15. | |
attended a Church of Ireland event in Dublin this evening to mark | :10:16. | :10:21. | |
the centenary of the Easter Rising. A smile and a handshake between the | :10:22. | :10:36. | |
First Minister and the teacher. They came face-to-face at Christchurch | :10:37. | :10:40. | |
Cathedral in Dublin at a church of Ireland events debating the 1916 | :10:41. | :10:45. | |
rising. There was only last month and Kenny expressed his | :10:46. | :10:49. | |
disappointment after Arlene Foster said she would not attend any | :10:50. | :10:53. | |
centenary commemorations of the very violent Irish rebellion. The DUP | :10:54. | :10:58. | |
leader said people needed to understand the Unionist position. | :10:59. | :11:02. | |
One of the things I think that concerns people in Northern Ireland | :11:03. | :11:05. | |
about what happened there are 100 years ago at Easter is the fact that | :11:06. | :11:10. | |
it was used then in the 70s and 80s to justify what happened in Northern | :11:11. | :11:14. | |
Ireland at that time and I think a difficult thing for unionists to | :11:15. | :11:18. | |
come to terms with and is something people here in the Republic have two | :11:19. | :11:22. | |
reflect on as well. Enter Kenny took time out from the campaign ahead of | :11:23. | :11:27. | |
next week 's general election to attend the debate. The nice | :11:28. | :11:32. | |
presentation included contributions from leading historians across | :11:33. | :11:37. | |
Ireland and focused on the ordinary people in extraordinary | :11:38. | :11:41. | |
circumstances in Dublin in 1916. The First Minister says this is the type | :11:42. | :11:44. | |
of event that she was always happy to attend. A conversation, not a | :11:45. | :11:48. | |
celebration. Police things brightened up today. | :11:49. | :12:01. | |
After this morning 's rain sleet and snow but still a distinct chill in | :12:02. | :12:04. | |
the air and with the clear skills were lingering into the night we | :12:05. | :12:09. | |
will get a widespread frost the voting. Temperatures drop to | :12:10. | :12:12. | |
freezing leaving to of reading greaves below. Showers in the North | :12:13. | :12:18. | |
and West with rain, sleet and snow and it will become quite icy so the | :12:19. | :12:21. | |
Met office has a warning in place through the night and into tomorrow | :12:22. | :12:27. | |
morning. There could be some minor disruption, quite slippery and an | :12:28. | :12:30. | |
untreated roads and pavements. Take extra care. Tomorrow, not a bad day | :12:31. | :12:35. | |
again for many. Sunshine again, good dry spells around. Wintry showers in | :12:36. | :12:40. | |
the forecast and those could be a mix of sleet and snow in places in | :12:41. | :12:45. | |
the morning in the north and west. Away from there, spans of sunshine. | :12:46. | :12:53. | |
Wintry showers in the West. In the opposite corner, it could be quite a | :12:54. | :12:57. | |
wet and sleet start. Cloud to the course the day but some very decent | :12:58. | :13:03. | |
spells wintry sunshine. Again, that chill hanging in the air. That is | :13:04. | :13:07. | |
what we have tomorrow. And more breeze tomorrow, one or two showers, | :13:08. | :13:13. | |
hill snow, rain and sleet to low levels in the afternoon. Mainly in | :13:14. | :13:16. | |
the north and west, not too many in the east. Temperatures of 6 degrees. | :13:17. | :13:22. | |
On Friday, the next Atlantic weather system is in. That has the effect of | :13:23. | :13:27. | |
bringing the temperatures are up but bringing spells of rain and more of | :13:28. | :13:28. | |
a breeze. | :13:29. | :13:29. |