Carillion collapse will not affect Windsor's barracks

Ivan Schwartz
January 22, 2018

Even after it became clear past year that the company was in trouble, the government continued to award Carillion major contracts.

The data shows that between July and September there were no meetings between Carillion and any ministers from the Cabinet Office, the Department for Transport or the Ministry of Defence.

The Department for Business said the initial focus of the task force would be how to alleviate the immediate impact on firms and workers involved in Carillion contracts.

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The spokesman said that Aramark would immediately take over the services that Carillion could no longer provide and that there would be no interruption in services.

Gareth Oakley, managing director, SME Banking at LBG, said: "We know how critical it will be for businesses within Carillion's supply chain to receive support with their cashflow, to help them through the temporary challenge to their business".

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Labour Party leader Jeremy Corbyn said that such work should never have been given to the private sector in the first place.

The government has set up a task force with the intent of supporting workers and businesses that have been affected by the collapse of the construction and outsourcing company Carillion.

'It is only going to be a sticking plaster to help those who are viable to continue in business and recover in time, ' Mr Cherry told BBC Radio 4's Today programme. But the government has said that it could not ensure that thousands of the company's employees working on private-sector projects would be paid past Wednesday.

The company had about $1.7 billion in debt and an $800 million pension deficit. They also worked with a huge number of outsourcing companies, who will now be facing financial issues because Carillion owes them a large amount of money.

Flora-tec, a landscaping company, said it would lay off 10 workers because it could never recoup most of the $1.3 million it was owed by Carillion.

Those suppliers will now have their contracts directly with the building society, Nationwide said.

Other reports by GizPress

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