Carillion, one of the UK’s largest construction companies, now faces being wound up.
Its collapse through an application for compulsory liquidation means the company will eventually be dissolved, with creditors sharing any money from the sale of its assets.
The decision to effectively declare itself bust leaves 43,000 jobs worldwide hanging in the balance though there is some hope that many in the sprawling business will keep their jobs albeit through Carillion’s work being transferred.
:: Background
Carillion was created in 1999 by the famous road surfacing business Tarmac in a demerger.
The Wolverhampton-based company employed almost half its workers – 19,500 people – in the UK.
As recently as 2 January, the company celeb…
Read the full article at: https://news.sky.com/story/who-are-carillion-11205822
