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Bombardier Transportation: Restructuring charges associated with Bombardier Transportation Reorientation in Germany included in previously disclosed guidance

ID: 1511725
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(Thomson Reuters ONE) -
Bombardier Transportation /
Bombardier Transportation: Restructuring charges associated with Bombardier
Transportation Reorientation in Germany included in previously disclosed
guidance
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

BERLIN, GERMANY--(Marketwired - Jun 29, 2017) - As part of the global
transformation that Bombardier announced in October 2016, the management and
employee representatives of Bombardier Transportation have agreed on an outline
for the reorientation and safeguarding of the German sites. The cornerstones of
this outline were mutually accepted at today''s Supervisory Board meeting.

This modernisation and specialisation of the sites will involve some personnel
adjustments. Based on current assumptions and depending on market development
and order intake, manpower adjustments of up to 2,200 positions, of which 700
temporary positions, will be made gradually until 2020.

In connection with those organizational changes, Bombardier will record
restructuring charges, to be reported as special items, which are included in
the previously disclosed restructuring charges anticipated for 2017.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the
broadest portfolio in the industry. It covers the full spectrum of rail
solutions, ranging from trains to sub-systems and signalling. The company also
provides complete transport systems, e-mobility technology and maintenance
services. As an innovation driver, Bombardier Transportation continuously breaks
new ground in sustainable mobility. It provides integrated solutions that create
substantial benefits for operators, passengers and the environment.
Headquartered in Berlin, Germany, Bombardier Transportation employs around


37,150 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world''s leading manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
North America Index. In the fiscal year ended December 31, 2016, we posted
revenues of $16.3 billion. News and information are available at bombardier.com
or follow us on Twitter (at)Bombardier.

Notes to Editors

For news releases, related material and photos, visit our media centre at
www.bombardier.com/en/media-centre.html. Please subscribe to our RSS Feed to
receive press releases or follow Bombardier Transportation on Twitter
(at)BombardierRail.Bombardier is a trademark of Bombardier Inc. or its
subsidiaries.

You can also contact one of our worldwide contacts for specific press inquiries.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements, which may involve, but
are not limited to: statements with respect to the Corporation''s objectives,
guidance, targets, goals, priorities, market and strategies, financial position,
beliefs, prospects, plans, expectations, anticipations, estimates and
intentions; general economic and business outlook, prospects and trends of an
industry; expected growth in demand for products and services; product
development, including projected design, characteristics, capacity or
performance; expected or scheduled entry-into-service of products and services,
orders, deliveries, testing, lead times, certifications and project execution in
general; competitive position; the expected impact of the legislative and
regulatory environment and legal proceedings on the Corporation''s business and
operations; available liquidities and ongoing review of strategic and financial
alternatives; the impact and expected benefits of the investment by the
Government of Quebec in the C Series Aircraft Limited Partnership and of the
private placement of a minority stake in Transportation by the CDPQ on our
operations, infrastructure, opportunities, financial condition, access to
capital and overall strategy; and the impact of such investments on our balance
sheet and liquidity position.

Forward-looking statements can generally be identified by the use of forward-
looking terminology such as "may", "will", "shall", "can", "expect", "estimate",
"intend", "anticipate", "plan", "foresee", "believe", "continue", "maintain" or
"align", the negative of these terms, variations of them or similar terminology.
By their nature, forward-looking statements require management to make
assumptions and are subject to important known and unknown risks and
uncertainties, which may cause our actual results in future periods to differ
materially from forecast results set forth in forward-looking statements. While
management considers these assumptions to be reasonable and appropriate based on
information currently available, there is risk that they may not be accurate.

Certain factors that could cause actual results to differ materially from those
anticipated in the forward-looking statements include, but are not limited to,
risks associated with general economic conditions, risks associated with our
business environment (such as risks associated with the financial condition of
the airline industry, business aircraft customers, and the rail industry; trade
policy; increased competition; political instability and force majeure),
operational risks (such as risks related to developing new products and
services; development of new business; the certification and homologation of
products and services; fixed-price and fixed-term commitments and production and
project execution; pressures on cash flows based on project-cycle fluctuations
and seasonality; our ability to successfully implement and execute our strategy
and transformation plan; doing business with partners; product performance
warranty and casualty claim losses; regulatory and legal proceedings; the
environment; dependence on certain customers and suppliers; human resources;
reliance on information systems; reliance on and protection of intellectual
property rights; and adequacy of insurance coverage), financing risks (such as
risks related to liquidity and access to capital markets; retirement benefit
plan risk; exposure to credit risk; substantial existing debt and interest
payment requirements; certain restrictive debt covenants and minimum cash
levels; financing support provided for the benefit of certain customers; and
reliance on government support), market risks (such as risks related to foreign
currency fluctuations; changing interest rates; decreases in residual values;
increases in commodity prices; and inflation rate fluctuations). For more
details, see the Risks and uncertainties section in Other in the Management''s
Discussion and Analysis (MD&A) of the Corporation''s financial report for the
fiscal year ended December 31, 2016. For additional information with respect to
the assumptions underlying the forward-looking statements made in this press
release, refer to the Guidance and forward-looking statements sections in
Overview, Business Aircraft, Commercial Aircraft, Aerostructures and Engineering
Services, and Transportation in the MD&A of the Corporation''s financial report
for the fiscal year ended December 31, 2016.

Readers are cautioned that the foregoing list of factors that may affect future
growth, results and performance is not exhaustive and undue reliance should not
be placed on forward-looking statements. The forward-looking statements set
forth herein reflect management''s expectations as at the date of this press
release and are subject to change after such date. Unless otherwise required by
applicable securities laws, the Corporation expressly disclaims any intention,
and assumes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. The forward-
looking statements contained in this press release are expressly qualified by
this cautionary statement.

Contacts:
Andreas Dienemann
Media Relations Germany
+49 3302 89 4260
andreas.dienemann(at)rail.bombardier.com


Group Media Relations
+49 30 98607 1687
press(at)rail.bombardier.com



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Bombardier Transportation via GlobeNewswire






More information:
http://www.bombardier.com https://www.imperialcapital.com/ http://www.technicolor.com http://www.bombardier.com



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Date: 06/29/2017 - 17:41
Language: English
News-ID 1511725
Character count: 6014
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Firma: Bombardier Transportation
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