Carillion collapse to cost taxpayers £148m

Carillion collapse to cost taxpayers £148m
 

The collapse of construction giant Carillion will cost UK taxpayers an estimated £148m, the National Audit Office has said.
There will also be wider costs to the economy, Carillion's customers, staff, the supply chain and creditors, the NAO said in a report.
When it was liquidated with debts of £1.5m in January, the firm had about 420 UK public sector contracts.
Since then, nearly two-thirds of its UK workforce have found new jobs.
The NAO said 11,638 Carillion workers in the UK, about 64% of the total, were now employed elsewhere. Of the rest, 2,332 - 13% of the total - had been made... read more

 
7 June 2018 in Business, Views: 73
Source: BBC
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