11-01-2018, 21:40
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#1
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,228
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Carillion Crisis
Carillion, a major contractor in the public sector, is close to collapse.
https://news.sky.com/story/regulator...epens-11203432
https://www.ft.com/content/1b4ab6aa-...5-e94187b3017e
Quote:
Senior ministers from across most of Whitehall gathered on Thursday to discuss the plight of Carillion amid fears the ailing contractor is close to collapse.
David Lidington, Cabinet Office minister, convened the afternoon gathering of senior figures including Greg Clark, business secretary, Jo Johnson, transport minister, Liz Truss, chief secretary to the Treasury and justice minister Rory Stewart to discuss the possible demise of the construction and services group.
Also present were ministers from the culture, health, education and communities departments as well as the Foreign Office.
The scale of the meeting reflects the importance of Carillion to the government given its contracts with numerous departments, and in particular justice, transport and defence. These will need to be replaced — or taken in-house — if the company collapses.
Alongside work on the HS2 rail link, Carillion provides facilities management for schools as well as services for the armed forces and on “smart motorways” for the Highways Agency.
Ministers also discussed the wider ramifications of potential job losses at the company, which employs 43,000 staff worldwide — of which 19,500 are in the UK.
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This could be quite bad...
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