wrote in message
...
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withdrawn by their banks.

(snip)

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


Escrow accounts against which the supplier could borrow? Bombardier would
pay cash into an account that both sides need to agree that it is released,
Bombardier to agree to release on delivery, with mediation built in in case
of disputes, and the banks could lend as secured borrowings.

Except no-one would take the risk.

Patrick