Bombardier slashes rail unit; cuts 6,600 staff, shuts plants

Article Abstract:

Paul Tellier the owner of Bombardier Inc. on March, 2004 unveiled a disappointing financial results for the fourth quarter and fiscal year ended on 31 January 2004, calling for the layoff of one-fifth of the unit's work force and the closing of seven plants in Europe. Paul Tellier stated that the anticipated cuts would cost the passenger rail car and jet making giant $777-million over three years which result in annual savings of $600-million.

Personnel administration, Aircraft, Aircraft industry, Bombardier Inc., Downsizing

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Weston enters tough territory

Article Abstract:

George Weston Ltd. intends to introduce a baguette targeted at the French baguette market in Quebec. The mass produced baguette is named Moulin Rouge and is made with imported French flour.

Product introduction, Bread, cake, and related products, Commercial Bakeries, Bread, Baked goods industry, Bread industry, George Weston Ltd.

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Engen leaving as Alcan CEO next March

Article Abstract:

The reasons behind the decision of Travis Engen, to resign as chief executive officer of Alcan Inc., are presented.

Executive changes & profiles, Primary aluminum, Metal ores, not elsewhere classified, Officials and employees, Appointments, resignations and dismissals, Aluminum industry, Alcan Inc., AL, Engen, Travis

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