On 20 Jan, 15:14, Roland Perry wrote:
In message , at 13:10:58 on
Tue, 20 Jan 2009, Paul Scott remarked:

"BRITAIN'S only remaining train builder, Bombardier Transportation, has been
forced to lay off 77 workers at its Derby factory - despite having a full
order book - because some of its suppliers have had credit facilities
withdrawn by their banks.

In one of the strangest examples so far of the perverse effects of the
credit crunch Bombardier, which has had all its production lines working at
full capacity, said banks have put such a squeeze on credit that supplier
firms are finding it impossible to borrow to pay for extra equipment and
employees to meet Bombardier's growing demand for components."

Bombardier could shock horror offer to pay the relevant suppliers
cash with order, if it's that much of an issue.
--
Roland Perry

I don't think they'd risk that - COD maybe but with a history of
suppliers going bust during big production runs (seats and toilets
spring to mind) I can't see Bombardier, or anyone, risking cash up
front.

This is the sort of thing that the vast sumes of money going to the
banks was supposed to stop - if it hasn't then isn't it time to name
and shame the banks concerned?

Tony