The government really needs to force the Bombardier/Beaudoin families to divest of their controlling ownership. They've proven to be incompetent at running this company.
They are performing exactly as they intend to - collect money, run skeleton staff, pay themselves big bonuses, threaten to close if dont get support, collect government handout, pay more bonuses and write everything as a loss for tax purposes and pay another bonus.
The government really needs to force the Bombardier/Beaudoin families to divest of their controlling ownership. They've proven to be incompetent at running this company.
They are performing exactly as they intend to - collect money, run skeleton staff, pay themselves big bonuses, threaten to close if dont get support, collect government handout, pay more bonuses and write everything as a loss for tax purposes and pay another bonus.
I'm more surprised there's 1600 jobs at Bombardier Aerospace to cut.
Has it actually been billions or just being hyperbolic?
$4 billions in bailouts and over $11 billions in loans:
https://financialpost.com/diane-francis/secretive-edc-has-helped-fuel-the-serial-subsidization-of-bombardier-the-gravy-train-must-end
Well fuck a duck.
This sounds like a prelude to another costly bailout.