Layoffs: Collapsed Carillion to cut more jobs
The organisation said the job cuts announced on Monday
PHOTO: REUTERS
LONDON:
Another 452 jobs are to be cut at Carillion, the British government said on Monday, meaning about 5% of the collapsed construction and support services company’s domestic workforce has been put out of jobs so far. Carillion, which employed around 18,000 people in the United Kingdom, collapsed on January 15 when its banks halted funding, triggering Britain’s biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks. The Official Receiver, which manages insolvencies for the British government, has since been looking through the about 450 contracts that Carillion was managing when it collapsed, seeking alternative contractors to complete the tasks. The organisation said the job cuts announced on Monday were across the country and related to private and public contracts that were being managed by Carillion, as well as some back-office functions.
Published in The Express Tribune, February 6th, 2018.
Another 452 jobs are to be cut at Carillion, the British government said on Monday, meaning about 5% of the collapsed construction and support services company’s domestic workforce has been put out of jobs so far. Carillion, which employed around 18,000 people in the United Kingdom, collapsed on January 15 when its banks halted funding, triggering Britain’s biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks. The Official Receiver, which manages insolvencies for the British government, has since been looking through the about 450 contracts that Carillion was managing when it collapsed, seeking alternative contractors to complete the tasks. The organisation said the job cuts announced on Monday were across the country and related to private and public contracts that were being managed by Carillion, as well as some back-office functions.
Published in The Express Tribune, February 6th, 2018.