Uncertainty over 5,000 global job cuts

million (£686m) and the de Havilland trademark for $30 million.

Earlier this year, Bombardier sold a majority stake in its loss-making C-Series aircraft to Europe’s Airbus, which has renamed it the A220.

The company has 4,000 workers in Belfast where wings and parts for the C-Series are made. Bombardier’s UK rail business employs 4,000, half of whom design, develop and build trains at Derby. The city site (pictured) is part of Bombardier Transportation, where some 1,300 jobs globally are expected to go. The firm has not yet specified exactly how many jobs at Derby might be at risk. Bombardier said restructuring measures would be “carefully considered and taken in consultation with employee representatives”. The Litchurch Lane site has been successful in winning a string of orders for its Aventra train. It has landed sizeable deals from customers including Crossrail (now the Elizabeth Line), London Overground, South West Trains, Greater Anglia and West Midlands Trains.

The factory has enough work to keep it busy into the 2020s and, next year, Litchurch Lane is to deliver a record number of trains. But earlier this year, the company’s joint bid with Hitachi to build 94 trains for the London Underground’s Piccadilly Line was overlooked in favour of German rival Siemens.

At the time Bombardier, which is challenging Transport for London’s decision, said there would be no job losses as a result.

Globally, Bombardier employs almost 70,000. Speaking about the decision to shed 5,000 workers across its workforce, Bombardier’s chief executive Alain Bellemare said: “With our heavy investment cycle now completed, we continue to make solid progress executing our turnaround plan. We have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio.”