Carillon UK collapses...

dineshb316 · Postby **dineshb316** » January 15th, 2018, 11:50 am

Carillion collapse raises job fears

"Construction giant Carillion has gone into liquidation, threatening thousands of jobs.

The move came after talks between the firm, its lenders and the government failed to reach a deal to save the UK's second biggest construction company.

Carillion ran into trouble after losing money on big contracts and running up huge debts of around £1.5bn.

Its failure means the government will have to provide funding to maintain the public services run by Carillion."

http://www.bbc.co.uk/news/business-42687032

Postby **tr1ad** » January 15th, 2018, 1:28 pm

dammmnnnnnn

Dizzy28 · Postby **Dizzy28** » January 15th, 2018, 1:44 pm

Loled at the part about Privatizing Profits and Nationalizing Losses!!!

dineshb316 · Postby **dineshb316** » January 17th, 2018, 4:14 am

LONDON (Reuters) - British ministers are “very worried” about contractor Interserve and have set up a team of officials to monitor the company, following the collapse of competitor Carillion, the Financial Times reported on Wednesday.

The Financial Times said that civil servants had monitored Interserve since a profit warning in September due to concerns over its financial health, citing government advisers and officials.

Interserve declined to comment on the report.

https://uk.reuters.com/article/uk-interserve-report-ft/british-government-monitoring-interserve-after-carillion-collapse-ft-idUKKBN1F60R4