- Carillion placed into liquidation after six-month battle to get on top of its £1.5 billion debt pile.
- Construction giant employs 19,500 people and is a major government contractor.
- The government is stepping in to pay Carillion staff working on government contracts.
LONDON Crisis-hit construction firm Carillion on Monday announced it is going into liquidation after last-minute talks to save the business over the weekend failed.
Carillion said in a statement on Monday that it continued to engage with its key financial and other stakeholders, including Her Majestys Government (HMG), over the course of the weekend regarding options to reduce debt and strengthen the groups balance…
Read the full article at: http://www.businessinsider.com/carillion-construction-firm-goes-into-liquidation-2018-1
