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BDRBF

Bombardier

$0.00 /

+ (+0.00%)

09:07
03/24/20
03/24
09:07
03/24/20
09:07

Bombardier announces temporary suspension of work at Canadian operations

Bombardier announced that in support of the recent mandates from the Governments of Quebec and Ontario to help slow the spread of the COVID-19 pandemic, it will suspend all non-essential work at most of its Canadian based operations starting this evening at 11:59 pm until April 26, 2020, inclusively. This suspension includes Bombardier's aircraft and rail production activities in the provinces of Quebec and Ontario. Employees impacted by these temporary shutdowns will be placed on furlough, as will corporate office employees whose support functions are less critical in the short-term. During this furlough period, Bombardier's CEO and senior leadership team will forgo their pay, and the Chairman and members of Bombardier's Board of Directors have agreed to forgo board compensation for the remainder of 2020.

BDRBF Bombardier
$0.00 /

+ (+0.00%)

03/23/20 Cowen
Bombardier downgraded to Market Perform from Outperform at Cowen
03/20/20 BMO Capital
Bombardier downgraded to Market Perform from Outperform at BMO Capital
03/11/20 Goldman Sachs
Goldman cuts targets across Aerospace coverage for COVID-19 impact
02/18/20 Raymond James
Bombardier upgraded to Outperform from Market Perform at Raymond James

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