Rio Tinto slashes small supplier payment times

SMALL Australian suppliers, those with annual turnovers up to $10 million, will be paid within 20 days under Rio Tinto’s new payment process.

Rio Tinto slashes small supplier payment times Rio Tinto slashes small supplier payment times Rio Tinto slashes small supplier payment times Rio Tinto slashes small supplier payment times Rio Tinto slashes small supplier payment times

Rio Tinto has shortened payment times for small suppliers.

After taking its lumps over its dynamic discounting approach Rio Tinto is transitioning its small suppliers to the new terms.