Dark day for Bombardier’s 4,500 Irish workers

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A man works on CSeries aircraft wing in the Bombardier factory in Belfast. Photograph: Clodagh Kilcoyne/Reuters
A man works on CSeries aircraft wing in the Bombardier factory in Belfast. Photograph: Clodagh Kilcoyne/Reuters

It's a dark day for the 4,500 workers at Bombardier's Belfast plant after the US department of commerce ruled overnight that the company was guilty of below cost dumping of planes in the US market. Francess McDonnell reports on the fears of major job cuts.

As talks over the future of the Examiner newspaper continue, the Sunday Business Post is now also on the market, reports Mark Paul, along with its Cork printing business.

In Dublin, commercial property editor Jack Fagan has details of the plans developer Hines has for the new town centre at Cherrywood in south Dublin, as it lodges its planning application.

Meanwhile, British property investment manager PMM is looking to fill the void left by banks in financing development projects. Ciarán Hancock reports that it plans to spend €500 million here and in the UK in the next three years.

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At the other end of the property market, lender AIB yesterday told an Oireachtas committee that on top of people denied a tracker mortgage, it had found several hundred customers who were overcharged on their trackers. Joe Brennan has the details.

The Budget is never far away these days and the Restaurant Association of Ireland warns today that even a one percentage point increase in VAT to 10% on the hospitality sector could cost up to 6,000 jobs, writes Ciarán Hancock.

And, from London, Fiona Walsh writes about somewhat surprising data from Britain's Office for National Statistics. Its "happiness index" finds that, despite rising prices, weaker sterling and general political chaos, Britons feel happier now than before the Brexit vote

Dominic Coyle

Deputy Business Editor

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Dominic Coyle

Dominic Coyle

Dominic Coyle is Deputy Business Editor of The Irish Times