Bonus payments to directors and former executives of collapsed construction company Carillion have been stopped and an agreement has been reached on safeguarding thousands of private sector jobs, the UK governments Insolvency Service said on Wednesday.
Any bonus payment to directors, beyond the liquidation date, have been stopped and this includes the severance payments which were being paid to some senior executives who left the company, said a spokesman for the Insolvency Service.
At the same time, more than 90 per cent of the private sector customers who employed Carillions cleaners and maintenance workers have now promised to provide interim funding that will allow them to be paid.
But there was less clarity for those wor…
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