Carillion collapses putting thousands of jobs at risk

Carillion collapses putting thousands of jobs at risk

This is the full list of questions published by Jon Trickett, shadow cabinet office minister, over the collapse of outsourcing giant Carillion.

The lenders pulled out after the government refused to guarantee the firm's debts, leaving Carillion without the cashflow required to continue as a business.

Carillion said Monday "it had no choice but to take steps to enter into compulsory liquidation with immediate effect".

Carillion absorbed well-known British construction companies such as Mowlem, Wimpey and Alfred McAlpine, becoming the country's second biggest construction and services business.

Carillion is a key supplier to the Government and has contracts in the rail industry, education and NHS.

The company had been carrying out a number of Government construction projects - including the HS2 railway, multi-million pound hospitals and the Aberdeen bypass - as well as maintenance and catering services for the Ministry of Defence.

The government has urged staff to keep going to work and said "those already receiving their pensions will continue to receive payment". The government will fund existing public services contracts.

The Scottish Government has confirmed it is in talks with United Kingdom counterparts and liquidators to work out how best to support Carillion employees and contracts.

Around 43,000 in fact, since that's how many jobs are affected by Carillion's announcement.


In a statement to the London Stock Exchange, Carillion Chairman Philip Green said: "This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years".

Ministers have pledged that all public services will be protected following the demise of Carillion, a major contractor responsible for a host of buildings and services across the public sector.

The COBRA response committee, which responds to disasters and emergencies, will meet on Monday night after Carillion was put into liquidation amid huge debts.

Thousands of current and former staff have money in Carillion pension funds, which have a total deficit of nearly £600m.

"The minister says that the government were monitoring the company, so why did they leave the position of the Crown representative observing Carillion vacant for more than three months?"

"There is no place for private companies who answer to shareholders, not patients, parents and service users in our public services".

Carillion ran into financial difficulties a year ago after issuing three profit warnings in five months and writing down more than £1 billion from the value of contracts.

Unions warned that thousands of jobs, and workers' pensions, were in danger of being "dragged under" by another bout of "reckless corporate irresponsibility".

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