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
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.
- Esmond Birnie: Shockwaves of job losses will be felt far beyond east Belfast
- Northern Ireland traders fear they will be affected by blow
- John Simpson: Company will still hope to deliver acceptable results
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.