Bombardier Transportation set to cut more than 1,000 jobs

A total of 1,429 positions will be lost, with 983 temporary and 446 permanent staff set to leave the Canadian aerospace and transportation company.

In a statement, Francis Paonessa, president of the passengers division for Bombardier in the UK, said: ’We regret this outcome but without new orders we cannot maintain the current level of employment and activity at Derby.

‘Over the next 90 days together with employee representatives we will work with individual employees to ensure the best possible outcome for our people.’

In June, Bombardier lost out to Siemens in the bid to win a contract to supply a new fleet of trains for the Thameslink programme.

In a written statement, minister of state for transport Theresa Villiers said the selection of Siemens represented the ‘best value for money for taxpayers’ and that the German company would create up to 2,000 new jobs in its UK operations and across the supply chain. According to Siemens, these include up to 300 skilled manufacturing positions in Hebburn, South Tyneside.