Another 452 jobs go after Carillion collapse

Another 452 jobs go after Carillion collapse

An additional 452 employees have been made redundant following the collapse of building and outsourcing big Carillion.

The job losses are along with 377 introduced final week, taking the entire thus far to greater than 800.

On the similar time, the official receiver mentioned on Monday additional 100 jobs had been safeguarded, including to the 919 disclosed on Friday.
Carillion, which employed 20,000 individuals within the UK and was engaged in a wide range of public sector contracts, collapsed final month beneath a £1.3bn debt mountain, with a pension deficit estimated at as much as £2.6bn.
The Authorities’s official receiver, which is dealing with the liquidation, mentioned on Monday that the newest job losses coated a wide range of roles related with personal and public sector contracts throughout the nation, in addition to back-office features.
A spokesperson mentioned these jobs safeguarded had been linked to public sector contracts and most can be transferring on present or related phrases.

In the meantime, continued assist from Carillion’s clients was enabling “as many staff as doable to be retained within the interim till all contracts have been labored by way of”.
The roles announcement comes a day earlier than former executives on the firm are attributable to be grilled by MPs on two parliamentary choose committees.

They are going to face accusations that the corporate tried to “wriggle out” of pensions obligations whereas paying out tens of hundreds of thousands in shareholder dividends and pay for bosses.
Over the weekend, it was revealed that contractors hit by the collapse of Carillion would be capable to apply for Authorities-backed loans as a part of a £100m assist bundle.