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Main | Highlights Of The Year 2017 »
Sunday
Jan212018

Carillion Falls into Liquidation

Construction group Carillion falls into liquidation. The public sector contractor was impacted by cost overruns on a number of contracts in the UK and the Middle East and built up debts of over £900m. Carillion employs 20,000 staff in the UK, with a total workforce of 43,000 globally.

Management at Carillion have been criticised for taking on loss making government contracts in the UK. PWC have been appointed as administrators and will liquidate the company.

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