Carillion liquidation puts thousands of jobs at risk

by Ben Pena January 16, 2018, 0:46
Carillion liquidation puts thousands of jobs at risk

Despite a turnover of around £5bn, Carillion was crippled by massive debts after making significant losses on key contracts.

Alexandra Bailey, the council's Director for Property, Assets and Investment, said: "We expect school staff will be in work as normal today but if this doesn't happen we will provide school lunches to schools needing support and the fire service are on standby to deliver them".

It is the second biggest supplier of maintenance services to Network Rail.

"This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years", said Philip Green, the firm's chairman.

Working in Partnership with Her Majesty's Prison and Probation Service we are seeking a number of dynamic Facilities Managers in Aylesbury, Newport (Isle of Wight) and Isle of Portland.

"Alarm bells have been ringing for over six months about the state of Carillion's finances, so the government must come forward and answer questions on exactly what due diligence measures were undertaken before awarding contracts to Carillion worth billions of taxpayers' money", Trickett said.

"In the meantime, I would like to assure scheme members that the government set up the Pension Protection Fund (PPF) to support members of workplace pensions in precisely these circumstances".

Bumper Christmas as shoppers spend £1 billion more - English
Ocado comfortably outpaced the online market, increasing sales by 8.4% to account for 1.3% of the grocery market. Asda grew sales by 2.2 per cent, Morrisons recorded 2.1 per cent of growth while Sainsbury's was up two per cent.

Where a consortium is involved with Carillion, the staff could be absorbed by other companies, or if some contracts were taken in by the public sector, employees could be employed directly through the government, local governments or health authorities.

Thousands of jobs across the country are at risk, but MP David Lidington told the BBC that public sector contracts would continue.

Last week's talks were held between Carillion's management and representatives of the government.

He said there needed to be a change of "mindset" at companies that do a lot of work for the taxpayer. In the meantime, it said it would provide the necessary funding to maintain public services.

"Ironically, Whitehall tends to do contracts with companies that it always does contracts with, because that's the safe thing to do - that's the perception".

A planned platform extension at Edinburgh Waverley and the new £745m Aberdeen bypass are among the most high profile works which could be impacted by the collapse of the Wolverhampton-based company.

General secretary of the Rail, Maritime and Transport (RMT) union, Mick Cash called the news "disastrous". They will head into work today not knowing if their wages, pensions and even their jobs are safe.

Recommended News

TOP News

Miloš Zeman leads first round of Czech Republic presidential elections
If the opinion polls and betting odds are to be believed, they are ready to re-elect him. Czechs go to the polls this weekend in the first round of a presidential election.

Arsenal hold Chelsea to stalemate in EFL Cup semi-final
A clever turn away from Shkodran Mustafi allowed Morata to test the side-netting from an acute angle once more. In the 28th minute, Maitland-Niles lost his footing and Moses fired against the base of the near post.

Potential XI: How Manchester United could line up with Lucas Moura
Lucas was Brazil's most in demand player in 2012 and PSG beat competition from Manchester United to sign him. Tottenham want Lucas Moura , but only on loan.

A Car Somehow Crashed Into the Second Story of a California Building
The Santa Ana Police Department said that the driver was going at a very high rate of speed when they hit the center median. Officials say that one person who was in the vehicle managed to get out while crews had to rescue the second person.

Louisiana teacher arrested after questioning pay raises at school board meeting
Hargrave received a warning from the board that it was public comment only, not a question and answer session, according to KATC . Requests for comment from Hargrave and Puyau were not immediately returned Tuesday afternoon.

More snow on the way followed by unsafe cold
New data suggests that most of the snow may already be south of the area by the commute time Monday morning. Take a look at high temperatures for the next five days on the space coast and across Central Florida.

How Democrats plan to sell Trump's wall
DACA has become a bargaining chip as Congress moves closer to having to pass a spending bill or shut down the government. Lindsey Graham of SC urged President Trump Tuesday to back his efforts to pass comprehensive immigration reform.

Google's Free Museum App Will Match You With Your Famous Art Doppelgänger
After that's done, you're matched with several paintings, in a variety of artistic styles, that have an essence of your looks. By taking a selfie in-app, Arts & Culture searches its database to find a portrait who best matches your own face.

Ann Widdecombe says she thinks Meghan Markle is 'trouble'
She recently moved from Toronto, where " Suits " is filmed, to London to live with Harry. "I can see why your show is so popular". Former actress Meghan Markle has deleted her social media accounts as she prepares to Wednesday Prince Harry .

Patriots' Brady denies celebrating Garoppolo's trade to 49ers
Brady also dismissed the notion of preventing Garoppolo from working with personal trainer and business partner Alex Guerrero. It seemed to show Brady wasn't on board with Garoppolo being his eventual successor.