Pressure rises on British govt over Carillion collapse

AFP, LONDON: The British government held an emergency meeting of ministers on Monday evening over the implosion of construction-to-catering group Carillion, as criticism grows of its handling of the giant firm’s demise.

Carillion, which has a variety of private and public service contracts in Britain and employs 43,000 staff worldwide, announced its immediate liquidation Monday after the heavily-indebted company failed to secure a last-ditch financial rescue from the government and banks.

The government’s emergency response committee—known as COBRA—reportedly met for around an hour on Monday evening, with ministers from all affected departments attending, including Finance Minister Philip Hammond.

 

Pressure rises on British govt over Carillion collapse

AFP, LONDON: The British government held an emergency meeting of ministers on Monday evening over the implosion of construction-to-catering group Carillion, as criticism grows of its handling of the giant firms demise. Carillion, which has a variety of private and public service contracts in Britain and employs 43,000 staff worldwide, announced its immediate liquidation Monday after the heavily-indebted company failed to secure a last-ditch financial rescue from the government and banks. The governments emergency response committeeknown as COBRAreportedly met for around an hour on Monday evening, with ministers from all affected departments attending, including Finance Minister Philip Hammond.