18-03-2019, 06:12
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#75
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,641
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Re: Carillion Crisis
Interserve given 'public contracts worth £660m in run-up to collapse'
https://www.theguardian.com/business...up-to-collapse
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Interserve, the troubled government contractor which collapsed last week, was handed £660m worth of public contracts in the run-up to going into administration, in an apparent repeat of the Carillion fiasco, the GMB union has claimed.
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Quote:
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But as the “new” company starts its first week, the GMB has cited figures from Tussell, a data provider, that show Interserve was handed public contracts worth hundreds of millions of pounds in the run-up to its collapse, despite announcing a series of profit warnings.
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“The only lesson you can learn from history is that it repeats itself”
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