Berlin

Transportation

Press release

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

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.

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