Bombardier Exploiting Suppliers By Paying Late Invoices With Suppliers Waiting An Average Of 116 days
Bombardier has been accused of exploiting its suppliers by the payment watchdog.
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February 12, 2020 - by James Hurley for thetimes.co.uk
- Bombardier exploiting suppliers by paying late, says small business commissioner Philip King
- Bombardier has been accused of exploiting its suppliers by the payment watchdog.
The small business commissioner said that the British division of the manufacturer had mistreated companies for at least the past two years by failing to settle invoices on time.
Bombardier's conduct was described as shocking by the Federation of Small Businesses which said that the company had a "damning rap sheet of persistent and harmful late" payments and non payments.
The commissioner, who mediates on behalf of companies with fewer than 50 staff that have payment disputes with large businesses, said six in ten of Bombardier's invoices are paid late, with suppliers waiting an average of 116 days.
Bombardier is a Canadian multinational manufacturer of jet aircraft, public transport vehicles, and trains...