Bombardier has made it official saying they will lay off 550 employees at its Thunder Bay facility starting on November 4th.
They say they’ve been in talks with the Federal and Provincial governments and the City of Toronto since the fall of 2018 to help mitigate the terminations.
Company officials say the decision to shed over half of their workforce is due to the cyclical nature of their business and ramping down two of their major projects; the Metrolinx BiLevel and TTC LRV.
The company also points to the local content requirement in the United States, which is now at 65% and will be at 70% this fall due to the Buy America Act.
