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Work at Bombardier Transportation ‘to cease’ without state aid [subscription]
The owner of Britain’s biggest train factory has told the government that it will be “unable to continue production” without support as it burns through cash during the lockdown. Bombardier Transportation, which makes train carriages, has asked for contractual charges to be suspended after it was forced to halt production. The bond repayments and penalties for delivery delays that it wants paused total about £20 million a month.
Tuesday, 26 May 2020
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