Guy Hachey's Financial Performance At Bombardier

Financial Performance of the company over the last 2 years

In 2013, Bombardier did not have a high success rate, as their performance did not satisfy their expectations. It was a very quiet period for them in terms of financial performance. That year, Bombardier delivered 238 aircrafts (180 business jets, 55 commercial aircrafts and 3 amphibious aircrafts), which was less than their forecast for the year, and they received a 19 percent drop in orders. 10 fewer business aircrafts were shipped than what they had predicted for that year. Another statistical disaster was that there were about 388 orders of net order cancellations. To compensate for such an underperformance, the management decided to reduce the workforce and over 1700 jobs were

In this process, the CEO Guy Hachey announced his retirement, and Pierre Beaudoin took over his place as new CEO as his successor. As a part of the restructuring process, an addition of approximately 1800 jobs were cut, to go along with the 1700 jobs that were cut the after the previous year's sluggish performance. As a result of the reduction in workforce, the company fell down a slide initially, with their net profit decreasing to $74 million US, which was half of their net profit in the previous period, $147 million. This new structure also strangled them with $63 million of additional expenses during that period. In the long run, they believe that the new decision of the organizational structure will result in huge cost reductions and increase their profits. If things go their way, as per their optimistic predictions, the new change is expected to bring them a boost of a whopping $268 million a year in earnings. Again, like 2013, 2014 was not a great year for Bombardier. But with their new line of aircrafts, which is the C series, which is predicted to be launched later in 2015, and with this lighter work structure, the prospects for tremendous success are looking great for Bombardier in the years to

As of now, Bombardier has around 71500 employees in various sectors around the world, with approximately 38000 of them in the aerospace manufacturing industry. There is a wide variety of jobs available in a wide range of fields such as Mechanical Engineering, Stress Engineering, Electrical Engineering, Design Engineering, Software Engineering, Field Service Representative jobs, production supervision jobs, pilot jobs, technical writing, jobs in the corporate office, and many more. As Bombardier works closely with many universities around the world, there are lots of opportunities for students to get a co-op/ internship placement with the company. If not now, very soon there will be, as the new structure of the company starts kicking off