BUSINESS
07/05/2011 07:10 EDT | Updated 09/04/2011 05:12 EDT

Bombardier To Cut 1,400 British Jobs Cut After Losing Train Bid

AP

THE CANADIAN PRESS -- LONDON - Bombardier Transportation (TSX:BBD.B) says it will cut more than 1,400 jobs in Britain after it failed to win a contract for building rail carriages.

The company says it will lay off about 446 permanent staff and 983 temporary hires at its plant in Derby in central England.

Bombardier lost out to Germany's Siemens in bidding to build new passenger trains for a line between Brighton on the south coast and Bedford, 80 kilometres north of London.

The British department for transport has said Siemens will be hiring about 650 people in Britain to build the trains.

Bombardier Transportation has 59 production and engineering sites in 23 countries employing 34,900 workers.