Category Archives: Corporate governance

Carillion lenders consider appeal to save firm from collapse

Despite late rescue bid, administrators prepare to take action, prompting fears for 43,000 jobs, major projects and crucial public services

Construction firm Carillion is hoping for an eleventh-hour rescue to save it from the brink of collapse, amid fears for the future of a host of major government projects and day-to-day services, from schools to hospitals, prisons and the army.

The Cabinet Office hosted emergency talks on Sunday aimed at mapping out a future for a company that employs 43,000 people – including nearly 20,000 in the UK – but the meeting broke up without a rescue deal being announced.

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Source: gad