Word: railway
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...Basically we would need to be assured that the [railway] link will be kept operational for as long as the state needs it to be,” Cahill said of the EOEA’s review process...
...agency decides that the sale could cripple the railway at anytime in the future, the deal could be halted entirely, Cahill said...
...good news for Bombardier Inc. is that it has a respected new chief executive in Tellier, 63, who arrived in January. A roll-up-your-sleeves manager, Tellier took over the moribund, government-owned Canadian National Railway Co. in 1992 and turned it into a lean and efficient publicly traded market leader. He did that by cutting costs (including 14,200 jobs) and eliminating real estate and telecom divisions to focus on rail. Tellier knows Bombardier, having served on its board for the past five years. Besides dumping its highly profitable recreational division as well as ancillary businesses like military...
Bombardier is the world's biggest producer of railway equipment, including the high-speed locomotives chosen for Amtrak's East Coast Acela service. The company's new plan emphasizes its "many opportunities for synergies," and Tellier is already primed for some serious nipping and tucking. The day after the company halved its earnings guidance in March, Tellier announced he would ax 10% of the work force in the aircraft unit, on the heels of deep job cuts last year...
...days. Shares in Bombardier are stuck below $3, down from about $18. The good news for Bombardier Inc. is that it has a respected new chief executive in Tellier, 63, who arrived in January. A roll-up-your-sleeves manager, Tellier took over the moribund, government-owned Canadian National Railway Co. in 1992 and turned it into a lean and efficient publicly traded market leader. He did that by cutting costs (including 14,200 jobs) and eliminating real estate and telecom divisions to focus on rail. Tellier knows Bombardier, having served on its board for the past five years. Besides...