Crisis-hit construction firm Carillion goes into liquidation after government talks fail, putting thousands of jobs at risk
|01/15/2018||Posted by BusinessMediaguide.Com under General World News||
- Carillion placed into liquidation after six-month battle to get on top of its £1.5 billion debt pile.
- Construction giant employs 19,500 people and is a major government contractor.
- The government is stepping in to pay Carillion staff working on government contracts.
LONDON — Crisis-hit construction firm Carillion on Monday announced it is going into liquidation after last-minute talks to save the business over the weekend failed.
Carillion said in a statement on Monday that it “continued to engage with its key financial and other stakeholders, including Her Majesty’s Government (‘HMG’), over the course of the weekend regarding options to reduce debt and strengthen read more >>>