Train maker Bombardier unveils more than 1,000 job losses

| July 5, 2011
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Train maker Bombardier has today revealed it will axe 1,400 jobs at its plant in Derby.

The job cuts are attributed to the company losing out to Siemens on the £1.4 billion Thameslink contract.

Its Derby operations has a workforce of 3,000 and the company said 446 permanent jobs and 983 temporary staff will go.

“The culmination and successful delivery of these projects and the loss of the Thameslink contract, which would have secured workload at this site, means that it is inevitable that we must adjust capacity in line with economic reality,” said Francis Paonessa, president of the passengers division for Bombardier in the UK.

The company, which is the only remaining training builder in Britain, said it regretted the outcome.

However, Germany company, Siemens, will create 2,000 jobs throughout the UK as a result of being awarded the Thameslink contract.

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