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A fairly concise explanation of Bombardier's current situation he
"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at its Derby factory - despite having a full order book - because some of its suppliers have had credit facilities withdrawn by their banks.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." More at: http://www.railnews.co.uk/news/general/2009/01/20-bombardier-layoff-workers.html Paul S |
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