Key questions answered on the liquidation of the construction firm and its implications for staff
Carillion employs 43,000 people, including almost 20,000 in the UK.
Photograph: Christopher Thomond for the Guardian
The construction firm Carillion, which is involved in a host of major government projects including HS2, has gone into compulsory liquidation.
What went wrong for Carillion?
Carillion relies on large contracts, some of which have proved much less lucrative than it thought. Last year it slashed the value of them by £845m, of which £375m related to public-private partnerships (PPPs) such as Royal Liverpool University hospital.
As its contracts underperformed, its debts soared t…
Read the full article at: https://www.theguardian.com/business/2018/jan/15/carillion-what-went-wrong-liquidation-staff