Bombardier Aerospace: Statement on Northern Ireland Industrial Tribunal Ruling.Business Editors MONTREAL--(BUSINESS WIRE)--March 6, 2001 Following several press articles in relation to a recent Industrial Tribunal industrial tribunal n → magistratura de trabajo, tribunal m laboral industrial tribunal n (Brit) → conseil m de prud'hommes decision at Bombardier's Northern Ireland Northern Ireland: see Ireland, Northern. Northern Ireland Part of the United Kingdom of Great Britain and Northern Ireland occupying the northeastern portion of the island of Ireland. Area: 5,461 sq mi (14,144 sq km). Population (2001): 1,685,267. facility, Bombardier Aerospace (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A.) (TSE:BBD.B.) today issued a statement. The Northern Ireland Industrial Tribunal has issued a summary decision which supports the claims made by 292 of Bombardier's Belfast operation's 7,200 unionized employees regarding changes made in holiday pay calculations in 1995. The background to this case is that Bombardier Aerospace in Northern Ireland changed the way in which it calculated holiday entitlement in 1995. The potential total cost to Bombardier Aerospace is estimated at less than Cdn$1.7 million (US$1.1 million) and full financial provision has been made. Bombardier Aerospace, a unit of Bombardier Inc., is the leading business, regional and amphibious aircraft manufacturer. With full design and production capabilities in three countries, it offers the most comprehensive families of turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a and regional jet aircraft and the widest range of business jets. It also provides the Flexjet(R) fractional business aircraft ownership program, technical services, aircraft maintenance and pilot training for business, regional airline and military customers. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90 per cent of its revenues are generated outside Canada. |
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