Tags: APFN | EU | Britain | Carillion

UK Leaders Discuss Fallout of State Contractor's Collapse

UK Leaders Discuss Fallout of State Contractor's Collapse

Tuesday, 16 January 2018 05:38 AM EST

LONDON (AP) — U.K. leaders are discussing the fallout from the collapse of construction and outsourcing firm Carillion amid criticism of the government's role in its downfall.

The government's emergency planning committee, Cobra, met Monday night to assess the damage and ensure the delivery of public services provided by the company.

Carillion had 450 government contracts that ranged from rail projects to providing school lunches and maintaining 50,000 homes on military bases. Company executives are under investigation for protecting their bonuses even as the failure of the company put some 43,000 jobs at risk worldwide.

Opposition parties have criticized the government for continuing to award contracts to Carillion as it issued three profit warnings and struggled to finance 900 million pounds ($1.24 billion) of debt and a 587 million pound pension deficit.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
U.K. leaders are discussing the fallout from the collapse of construction and outsourcing firm Carillion amid criticism of the government's role in its downfall.The government's emergency planning committee, Cobra, met Monday night to assess the damage and ensure the...
APFN,EU,Britain,Carillion
131
2018-38-16
Tuesday, 16 January 2018 05:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved