Workers stand outside a Carillion construction site in central London, Britain, January 16, 2018. REUTERS/Simon Dawson
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The collapse of British services group Carillion started to hurt thousands of small contractors Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as November. Rudi Klein, head of Britain's Specialist Engineering Contractors' Group, estimated that Carillion had left a trail of 1.2 billion pounds ($1.65 billion) in unpaid bills to thousands of small subcontractors.Examples of private companies that could be hit included a small Northern Irish engineering contractor owed 150,000 pounds and a concrete frame manufacturer in northwest England owed 2 million pounds, Klein said.The government said it would pay the salaries of the company's public-sector workers, but private-sector contracts would only be paid for 48 hours after the collapse.In November, it won a further two contracts with state-owned Network Rail.
FOLLOW THIS ARTICLE