Thousands of jobs at risk as Carillion goes into liquidation

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Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Mon Jan 15, 2018 8:28 am

Wishing you a very Happy New Year
https://www.facebook.com/CarillionUpdates/photos/a.566873393358471.1073741828.546737985372012/1705325742846558/?type=3&theater

Thousands of jobs at risk as Carillion goes into liquidation
The Guardian 20m ago
https://www.theguardian.com/business/2018/jan/15/jobs-carillion-liquidation-construction-hs2


Carillion | The Irish Times

Most referenced The Irish Times 58m ago
http://irishtimes.com/topics/topics-7.1213540?article=true&tag_company=Carillion

Carillion enters compulsory liquidation after talks fail, leaving thousands of jobs at risk
ITV News 51m ago
https://www.itv.com/news/2018-01-15/carillion-enter-compulsory-liquidation-after-talks-fail/

Where did it go wrong for Carillion?
By Daniel Thomas
http://www.bbc.co.uk/news/business-42666275



Carillion

Carillion plc is a British multinational facilities management and construction services company headquartered in Wolverhampton, United Kingdom. Listed on the London Stock Exchange, the company experienced financial difficulties in 2017, and is set to go into compulsory liquidation on 15 January 2018.
https://en.wikipedia.org/wiki/Carillion


Last edited by Sirop14 on Tue Jan 16, 2018 6:00 pm; edited 1 time in total

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Mon Jan 15, 2018 10:57 am

Carillion collapse LIVE: 20000 jobs at risk as construction firm enters liquidation
ChronicleLive 43m ago
http://www.chroniclelive.co.uk/business/business-news/carillion-collapse-news-jobs-live-14155486

Carillion collapse raises job fears
BBC News 1h ago
http://www.bbc.co.uk/news/business-42687032

Carillion collapse: How it affects Dartmoor Prison and military homes
Plymouth Herald 51m ago
http://www.plymouthherald.co.uk/news/plymouth-news/carillion-collapse-how-affects-dartmoor-1064396

Comment -

Our daughter surprised us with a painting topic and off focus us will try and refocus


The Carillon Construction company debacle extract publish statement - from the Chief Executive - the second part over the past 5 months efforts to rescue the business have been outstanding. We have noted the major Banks also involved, This is one of the big /super scam involved British horrible politic - their battle to cack people and nation up and then decided what and which Justice would should be meted out meaning their motive for opt out of the ECJ Jurisdiction - This mess goes back to PM Blair era how in Britain they work get others do the dirty work for them and the mechanism involved then the utter media lies and experts lies and Benchmark - the important role of that SIROP program construction and rejuvenating wise Britain, Europe and the Gulf - how these contracts were acquire and the company merged and got leveraged and geared, We stated note the debacle of 5 months ago from that Yard in Kent those small builders who have know the issues in the Construction industry for the past 10 years the construction lorries, Vans and directors cars and my person, every year the same process and practices those who cream and milk others as they say in the business/Industry the many protest and the melt down of 2007/8 still in Britain the practice and 5 months ago the seriousness of clearing the Yards and all the small builders who have been contributing to cream off and use our expertise, capacity to drive their business and big business. Former Mayor Boris Johnson important knowledge of this Benchmark ., We have written countless articles, Blogs, Forums and Facebook explaining and expecting some form of intelligence to show itself instead - this situation could have been very worse, Specially recent contracts and the political implications our involvements and the Gulf Contracts. We had wanted to contact the Legal Office of Carillon read they were being sacked in past instance when we have contacted then and their attitude and approach. This is Facebook and wish to address the Office of the PM Downing Street in life anywhere anybody help you to with anything people say thank you and we have been doing great things for this country the past 30 years instead. the European court of Justice, the Human Rights court, the Royal court of Justice and the International court of Justice. Protests and correspondence form my person on the many issues and abuses.

Staff were informed of the company’s collapse via an email from the chief executive Keith Cochrane . The email, which has been seen by The Journal, reads:

Further to intense discussions and negotiation over the weekend the board has nto been able to secure ongoing financial support. As a result Carillion plc has been put into liquidation and an Official Receiver has been appointed with PwC as Special Managers. I know that this is devastating news, especially when so many people have worked tirelessly to try and secure the Group’s future.
It adds:

The effort and sacrifice that many of you have made over the last five months to try and rescue the business has been outstanding. Thank you for your dedication and commitment and for all your support.



http://www.chroniclelive.co.uk/business/business-news/carillion-collapse-news-jobs-live-14155486

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Mon Jan 15, 2018 6:17 pm

Recriminations fly after Carillion collapses
Financial Times 1h ago
https://www.ft.com/content/2503316e-f9c8-11e7-9b32-d7d59aace167

The banks, as well as the Government, need to take responsibility for Carillion
The Independent 14m ago
http://www.independent.co.uk/voices/letters/carillion-nhs-government-banks-hospital-beds-private-public-own-ukip-climate-change-people-skills-a8160481.html

Yahoo Finance UK
Carillion collapse: what it means for railways, schools and pensions
Yahoo Finance UK 11m ago
https://uk.finance.yahoo.com/news/carillion-collapse-means-railways-schools-pensions-101540182.html

Sky News
What ultimately went wrong at Carillion?
Sky News 4h ago
https://news.sky.com/story/what-ultimately-went-wrong-at-carillion-11209011

The Guardian
What went wrong with Carillion and where does it go from here?
The Guardian 6h ago
https://www.theguardian.com/business/2018/jan/15/carillion-what-went-wrong-liquidation-staff

Runcorn and Widnes World
Carillion: Why did it collapse and what happens next?
Runcorn and Widnes World 3h ago
http://www.runcornandwidnesworld.co.uk/news/national/15828746.Carillion__Why_did_it_collapse_and_what_happens_next_/

Chicago Tribune
Carillion, major UK construction firm, folds, putting 43000 jobs at risk
Chicago Tribune 3h ago
http://www.chicagotribune.com/business/ct-biz-carillion-construction-firm-folds-20180115-story.html

Belfast Telegraph
Carillion collapse fuels fears for Northern Ireland jobs: No Executive means little help for staff, says MLA
Belfast Telegraph 7h ago
https://www.belfasttelegraph.co.uk/business/northern-ireland/carillion-collapse-fuels-fears-for-northern-ireland-jobs-no-executive-means-little-help-for-staff-says-mla-36488455.html


Evening Standard
Carillion collapse: Partners in a scramble to cushion blow of failure
Evening Standard 5h ago
https://www.standard.co.uk/business/carillion-collapse-partners-in-a-scramble-to-cushion-blow-of-failure-a3740106.html






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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Mon Jan 15, 2018 7:45 pm

Carillion Saudi Arabia LLC - Company Details on ZAWYA MENA Edition
https://www.zawya.com/mena/en/company/Carillion_Saudi_Arabia_LLC-11009466/
24 Jul 2017 - Carillion Saudi Arabia LLC - Company Details. Get up-to-date business information, contact details, latest news and press releases and people contacts on Zawya.com - MENA Edition.



Carillion Saudi Arabia wins $118mn hospital deal ...
www.constructionweekonline.com › NEWS
17 Jun 2014 - Firm to build Phase II of Riyadh's Aldara Hospital and Medical Centre.

Carillion Saudi Arabia wins $118m hospital deal - Trade Arabia
www.tradearabia.com/news/HEAL_260323.html
17 Jun 2014 - Carillion Saudi Arabia, a leading construction firm, has won the contract to build the Phase II of the Aldara Hospital and Medical Centre in Riyadh.


Carillion Saudi Arabia LLC - BNC
https://bncnetwork.net/company/Carillion-Saudi-Arabia-LLC/MTQ0ODgx/
Carillion Saudi Arabia LLC, 4th Floor Centria Mall Office Tower, Saudi Arabia, Riyadh, 8037.


UK contractor Carillion pulls out of Saudi Arabia, Egypt and Qatar ...
www.arabnews.com/node/1127406/business-economy
11 Jul 2017 - LONDON: The chief executive of Carillion has stepped down as the Middle East construction slowdown hit home for one of Britain's biggest builders.The contractor said it would pull out of Saudi Arabia, Egypt and Qatar as the weak oil price slows construction spending across the Middle East. The stock ...


Carillion Saudi Arabia LLC - Riyadh, Saudi Arabia - Local Business ...
https://www.facebook.com/pages/Carillion-Saudi-Arabia-LLC/1488909908054182
Carillion Saudi Arabia LLC, Riyadh, Saudi Arabia. 12 likes. Local Business.


Welcome to Al Futtaim Carillion
www.afcarillion.ae/
Al-Futtaim Carillion has a long history of successfully working in UAE and Middle East. The Company's roots go back to the early days of the region's growth and development. Commencing activities in mid-1950's under the banner of George Wimpey & Co. Ltd, then in the 1970's as Al-Futtaim Wimpey LLC. In 1994 the ...


Carillion to exit three Mideast markets as CEO steps down – Middle ...
meconstructionnews.com/23717/carillion-to-exit-three-gulf-markets-as-ceo-steps-down
11 Jul 2017 - The UK contractor Carillion has said it is pulling out of Saudi Arabia, Egypt and Qatar, as its CEO stepped down amid cashflow pressure. The group also said it has sold its 50 percent stake in its business in Oman, Carillion Alawi, for an immediate cash consideration of £12.8m. “Deterioration in cash flows ...

Oil and Gas | Carillion PLC
https://www.carillionplc.com/solutions/sectors/oil-gas/
... Qatar, UAE and Saudi Arabia for Shell. We are active in community investment, economic development, training and education, both in Northern Alberta and with Aboriginal businesses and communities across Canada, allowing us to make a real and impactful difference. Our Centres of Excellence programme in Facilities ...

Middle East and North Africa (MENA) | Carillion PLC
https://www.carillionplc.com/about-us/our.../middle-east-and-north-africa-mena/
For over 50 years, Carillion has been creating and maintaining award-winning cultural, residential, commercial and infrastructure developments across the Middle East and North Africa.


Al Futtaim Carillion - Arabian Business
www.arabianbusiness.com/companies/al-futtaim-carillion-69505.html
companyName Complete profile, information, contact details, financial data, latest news & location map of companyName.4


Carillion Saudi Arabia LLC - Ventures ONSITE | Ventures ONSITE
https://www.venturesonsite.com › Company Search
Tracking US$8 Trillion+ worth of ongoing projects in the Middle East & Africa.

Carillion to exit GCC markets as CEO steps down | Saudi Arabia ...
www.arabianindustry.com/.../carillion-to-exit-gcc-markets-as-ceo-steps-down-577937...
11 Jul 2017 - Along with the management shake-up, the company is currently facing a $1bn (£845m) provision for contract losses and has announced that it will exit major markets in the Middle East including Saudi Arabia, Qatar, and Egypt. Cochrane said that Carillion had been hit by major project cost-overruns on ...

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Mon Jan 15, 2018 9:20 pm

Guide to Public Private Partnerships | Carillion PLC
https://www.carillionplc.com/solutions/services/.../guide-to-public-private-partnerships...
The SPC uses this revenue to fund operations, repay debt, and provide a return to investors. Where are Public Private Partnerships used? In Europe, countries at the forefront of PPP procurement are the UK, Portugal, Spain, Ireland and the Netherlands. Outside of Europe, the most active PPP projects markets are Canada, .

Carillion’s foundations shaken as contracts sour
https://www.ft.com/content/ee46e29e-6569-11e7-8526-7b38dcaef614

Carillion crisis deepens amid scramble to save jobs after firm collapses
https://www.theguardian.com/business/2018/jan/15/carillion-fallout-deepens-as-workers-face-pay-being-stopped-in-48-hours

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Tue Jan 16, 2018 3:36 pm

Carillion faces probe into whether fatcat bosses' behaviour caused firm's collapse
Mirror.co.uk 2h ago
https://www.mirror.co.uk/news/politics/carillion-faces-new-probe-whether-11860335

Carillion directors to be investigated
http://www.bbc.co.uk/news/business-42703549


UK Government ministers in crisis meeting to keep vital public services going amid Carillion collapse
HeraldScotland 15h ago
http://www.heraldscotland.com/news/15829621.Ministers_in_crisis_meeting_to_keep_vital_public_services_going_amid_Carillion_collapse/

Ministers order a fast-tracked investigation into directors at failed firm Carillion as thousands of workers will find out ...
In-depth Daily Mail 1h ago
http://www.dailymail.co.uk/news/article-5274409/Thousands-private-sector-Carillion-workers-risk-sack.html

https://www.facebook.com/CarillionUpdates/
Comment -
John Millard John Norman do you work for carillon by any chance or are you a keyboard warrior that has so little going on in his life that his first thought after hearing the news of 20,000 people losing their job was to come onto fb “search carillon” and blame the cause on brexit? As I’ve worked for the company for 10 years I can say it’s all down to bad management and not being paid for works completed. Did you know that nearly two thirds of the debt is owed by the Middle East? Or did I miss the emirates joining the EU.

Mark Evans Hopefully they get to finish building that bridge you live under

Simon Forrester Exactly correct John Millard, "chasing the WIP" became an in joke while foreign projects were losing money hand over fist, and it took half a day to get the money to buy £50 worth of plumbing supplies...

Tracey Carroll Nothing to do with brexit 😔 last 7 years at Carillion have been testing due to them taking on contracts that were loss making

John Millard Mr Millard we appreciate the last part of your original comment "two third of the debts is owned by the Middle East" in Saudi Arabia the 200 Prince in prison and some of them linked to Carillon - before making our comment have read as many of the above comments - nobody have mentioned the Big multinational practice of how they leverage, acquire another company and merge and build their Market position benchmark. We have some near 30 years knowledge and experience in this field - Carillon is one of them. Our important interests is in the Gulf region Construction and economy - other factors which again impacts and influence the economy and construction Industry in the Gulf Region - those so call experts and politicians, terrible TV/Media - Among some of the issues became involved in Wiki Leaks - one can write to the official press they will do nothing/not publish, write to the politicians you email land is the bin - with the existence of Facebook the capacity to get the greater public involved still, last year they were involved in a contract in Islington and they were then already in distressed, there is a very large antique mall /Camden Passage in Islington - Mayor Boris Johnson knew and know of the issues we are addressing here. Two years ago contributed that Beatty Balfour adopted the position they did towards Carillon merger offer. They were not asking/seeking help they were utterly arrogant. All the cars, bus and pedestrian must remember.


‘Clock ticking’ for thousands of workers caught in Carillion collapse – unions
The RMT warned ministers not to “duck and dive” over the pay and jobs of workers in private firms as well as in the public sector.
https://www.belfasttelegraph.co.uk/business/uk-world/clock-ticking-for-thousands-of-workers-caught-in-carillion-collapse-unions-36495082.html

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Wed Jan 17, 2018 2:34 pm

Carillion collapse: Jeremy Corbyn tells Theresa May private firms running public services must be 'shown the door'
The Independent 1h ago
http://www.independent.co.uk/news/uk/politics/carillion-collapse-jeremy-corbyn-theresa-may-pmqs-private-firms-running-public-services-end-failure-a8163911.html


PMQs: Corbyn tells May to end 'costly racket' of private firms running public services - Politics live
Live Updating The Guardian (blog) 2h ago
https://www.theguardian.com/politics/blog/live/2018/jan/17/juncker-urges-uk-to-stay-in-eu-and-says-hed-be-happy-to-have-it-back-if-it-goes-politics-live

Interserve is not the next Carillion, says UK government
The Guardian 3h ago
https://www.theguardian.com/business/2018/jan/17/interserve-is-not-the-next-carillion-says-uk-government



Interserve under government watch over financial health fears
Highly Cited Financial Times 6h ago
https://www.ft.com/content/1aa17614-fab7-11e7-a492-2c9be7f3120a

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Re: Thousands of jobs at risk as Carillion goes into liquidation

Post  Sirop14 on Thu Jan 18, 2018 7:09 am

Where's Theresa as Carillion crisis mounts? On Planet Point-Scoring
The Guardian 13h ago
https://www.theguardian.com/politics/2018/jan/17/wheres-theresa-may-as-carillion-crisis-mounts-on-planet-point-scoring

Pro-Corbyn group struggles to influence general election line-up
Financial Times 11h ago
https://www.ft.com/content/36713eea-fba4-11e7-9b32-d7d59aace167

If the Tories don't get their house in order over Carillion this could be Corbyn's watershed moment
Opinion The Independent 18h ago
http://www.independent.co.uk/voices/carillion-collapse-labour-corbyn-tories-need-to-get-house-in-order-a8163841.html

Watch PMQs in full as Theresa May and Jeremy Corbyn's clash furiously over 'the ruins of Carillion'
In-depth Mirror.co.uk 18h ago
https://www.mirror.co.uk/news/politics/pmqs-watch-full-video-carillion-11866013

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