Canadian train maker Bombardier is cutting more than 1,400 jobs at its plant in Derby, central England, after losing out to German group Siemens in a competition to upgrade rolling stock on the Thameslink cross-London railway. Bombardier said it would cut 446 permanent jobs and 983 temporary jobs from its 3,000-strong Derby workforce having missed out on the Thameslink contract and completed much of its current workload, which includes supplying London Underground.
"The culmination and successful delivery of these projects and the loss of the Thameslink contract, which would have secured workload at this site, means it is inevitable that we must adjust capacity in line with economic reality," Francis Paonessa, president of the passenger division for the UK, said in a statement on Tuesday. Bombardier - the only remaining train builder in Britain - said all its contracts, except for cars for some London Underground lines, would be complete by the end of September.