The government is holding talks with the construction and outsourcing firm Carillion, in a last-ditch attempt to stave off the collapse of a company responsible for crucial services in schools, hospitals and prisons.
With the accountancy firm EY lined up to manage an administration that could be triggered as soon as Monday, a rescue deal is expected to hinge on whether the government is willing to help prop up the company.
The Carillion CV
History The business was built from the construction division of Tarmac. It was spun out of the Tarmac corporation in 1999 and then acquired rivals, including Mowlem and Alfred McAlpine. It also acquired a number of Canadian businesses.
Base Wolverhampton
Employs 43,000 staff (20,000 …
Read the full article at: https://www.theguardian.com/business/2018/jan/14/carillion-crisis-government-locked-last-ditch-rescue-talks