- Ron Horowitz, Worker at Bombardier
Bombardier’s $1 billion bailout package from the Quebec government has been finalized. The Province now holds 49.5% of shares in the company’s C Series jets. The Bombardier family, however, is retaining their stronghold over the business by refusing to dismantle its dual class share structure – a system designed to give Bombardier family members decisive control over all company affairs. Bombardier is also negotiating a bailout deal with the federal government. In the context of a struggling economy, this corporate welfare will have significant implications for Canadian workers.