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.


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