PM UNDER PRESSURE FOR BOMBARDIER BAIL OUT

Apr 03, 2017

By Christine Ross

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The Bombardier scandal won’t go away. The Federal Liberals are facing heat for giving a multi-million dollar loan to the transportation giant after its board of directors voted its top executives a 50 per cent pay hike. Interim Conservative Leader Rona Ambrose questioned the Prime Minister about the raises in the House of Commons Monday saying he should be embarrassed his government is lining the pockets of the one percent after the company fired 14,000 people in one year. Trudeau says the money to Bombardier is a “repayable loan” that will help to create good-paying jobs in Canada’s aerospace sector. Christine Van Geyn, the Ontario Director of Canadian Taxpayers Federation told host Libby Znaimer on Zoomer Radio’s Fight Back, the company’s track record of asking for bailouts is offensive. She says taxpayers are increasingly angry over recent compensation packages to top executives, including last week’s announcement that a handful at Hydro One received more than $11 million last year. After demonstrations on the weekend, Bombardier’s board of directors decided to delay the payment of more than half of this year’s total planned compensation until 2020 and then only if certain objectives are met.

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