Rail Woes

A Captive of its Own Company

  • Why it matters

    Why it matters

    Bombardier Transportation is cutting thousands of jobs but it won’t escape its problems without restructuring, especially given the money problems at its parent company.

  • Facts

    Facts

    • Bombardier Transportation currently employs 8,500 people in Germany.
    • Economics Minister Sigmar Gabriel met Bombardier Transportation CEO Laurent Troger on Monday to talk about the company’s restructuring program and what it means for German jobs.
    • The German branch of Bombardier has incurred losses for years and its restructuring program could cost 3,000 jobs in Germany and 8,200 worldwide.
  • Audio

    Audio

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S-Bahn präsentiert “ET 490”
Bombardier has the blues. Source: Daniel Bockwoldt/DPA [M]

Economics Minister Sigmar Gabriel hasn’t been able to help – and who’s to blame him? Even Bombardier doesn’t seem to know how it is going to restructure.

But at least after he met with Laurent Troger, the chief executive of the train producer, the minister realized one thing: The Canadian corporation has a long hard road ahead. In Germany alone, 2,500 jobs are on the line; the future of entire production sites is at stake.

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