Around 45,000 jobs at risk as government contractor goes into administration

Around 45,000 jobs at risk as government contractor goes into administration
 

Outsourcing giant Interserve has failed to secure investor backing for a rescue plan and is set to fall into administration, with lenders seizing control.
The failure of the company is likely to fuel the debate once again over the use of private sector contracts for public services.
The company holds crucial government contracts for a range of services in prisons, schools and hospitals and employs 45,000 UK staff.
Interserve said: ‘The board of directors of the company is convening an urgent board meeting to consider its options.
‘In the absence of any viable alternative, it expects to... read more

 
15 March 2019 in Hot News, Views: 27
Source: Metro
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