More than 1,000 jobs to be axed at Bombardier's UK sites

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Aerospace manufacturer Bombardier is to cut 580 jobs in Belfast and Derby this year, with a further 500 going in 2017.

The job losses are part of the company's strategy to reduce its global workforce by 7,000. The news comes after the manufacturer revealed severe problems with the development and production of the C Series jet plane. A number of setbacks have seen costs spiral and delivery dates put back.

The business received £75m from the Northern Ireland executive between 2002 and 2015, as well as $1bn from the Quebec state government in relation to the C Series jet. Ultimately though it has still been unable to prevent this round of cuts. Pre-tax profits dropped 40% last year and turnover fell 9.5% to $18.2bn.

A statement on the Bombardier website said that the company is "in a better place" following the move to re-structure. But it went on to say the board "deeply regret the impact this will have on our workforce and their families".

The news is a big blow to the Northern Ireland labour market as Bombardier hosts 20% of its operations in the country. NI enterprise minister Jonathan Bell released a statement as the news broke, saying that his "thoughts are with the workers and their families as they absorb today's news".

"The company has taken this decision to rationalise its workforce across all its sites in order to ensure its viability for the future," he added.