Construction giant Carillion is to go into liquidation, putting jobs, pensions and government contracts at risk.
Carillion chairman Philip Green said:
‘In recent days we have been unable to secure the funding to support our business plan and it is therefore with the deepest regret that we have arrived at this decision.’
As the UK’s second largest construction company, Carillion is involved with some of the UK’s major projects such as HS2 as well as managing schools and prisons.
Consequently, the job market is set to be rocked by Carillion’s collapse, as its failure to reach a deal with its lenders and the government will threaten 20,000 UK jobs.
Morson operations director, Adrian Adair, commented:
‘It’s always saddening when a British company of this stature hits hard times. Fortunately, the construction and infrastructure market is buoyant and there is a huge demand for skills in the sector. At Morson we will endeavor to help those candidates who find themselves facing an uncertain employment future.’
If you are a Carillion employee uncertain about your future, our expert recruiters are on hand to help you in any way we can to find you a new opportunity.