Belfast Telegraph

Bombardier job cuts a £35m hammer blow to Northern Ireland economy

Financial ripples caused by 490 staff being laid off will spread far and wide

Fears that 500 new job losses at Bombardier could cost the economy here up to £35m
Fears that 500 new job losses at Bombardier could cost the economy here up to £35m

By Our Business Staff

Northern Ireland business leaders will discuss the Brexit deal with Theresa May today amid fears that 500 new job losses at Bombardier could cost the economy here up to £35m.

Around 60 employers and business groups have been invited to Downing Street for talks about the draft EU Withdrawal Agreement.

But it comes against the devastating backdrop of the shock job losses at planemaker Bombardier in Belfast.

Leading economist John Simpson said that the latest blow to employment could have a direct financial impact of £20m over a year, but with major knock-on costs to Bombardier suppliers and other businesses that could reach £35m.

Meanwhile, DUP leader Arlene Foster said she wanted to meet business groups next week to discuss their support for Mrs May's plan.

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