Why would anyone continue to support Bombardier?
Philippe Couillard, Quebec’s Prime Minister, is asking that Quebecers continue to love and support Bombardier. Has he seriously lost his mind? The sheer brazenness of it all is stunning. He truly takes Quebec citizens for idiots.
Bombardier is a business in financial trouble. Back in 2015, they asked the government for a subvention to help them out and it was accepted. They were given $1,3 billion, which they invested in C-series aeroplanes. We all know where does funds are coming from. Then they turn around and do the following:
- In 2016, the company lay off more than 2,000 workers in Canada (1,500 in Quebec) and 5,500 more worldwide (Europe). They plan to eliminate 10% of its workforce by the end of 2018. According to Bombardier leaders, this is to ensure the company’s survival.
- Their employment website is showing numerous new jobs in Mexico.
- The C-series aeroplanes are sold at a lower price than cost, which means that their “debt” will only grow.
- After all of this, Bombardier leaders try to vote themselves a ridiculously large augmentation (48%) of salary.
Then we are asked to love this company? Are they serious?!
Quebecers and our government, who is supposed to represent us, should instead be openly opposed to the remuneration raises of Bombardier’s management team. If you use the excuse that the company isn’t doing well enough to keep jobs in Quebec, then it’s certainly not doing well enough to give raises to the management team and certainly not a 48% increase! Especially after receiving bailout money from the governments (aka taxpayers).
I don’t care about the history of the company and its ties to the province. It is a business after all. We, as a population, do not owe them anything. Mr Couillard is insulting our intelligence.
I think it’s too late at this point. The government has given too much. The company has demonstrated that they are not using the money appropriately and that it doesn’t care about its local employees. To ask us to turn the other cheek is asking for too much at this point.