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Conjecture on Carillion future continues

12 January 2018

Concerns for Carillion employees have been voiced by workers' unions, as the company continues to seek solutions to its ongoing profitability issues.

The BBC has reported on the £1.5bn of debt accrued by the business, which includes a figure of £587m shortfall in its pension fund.

Carillion has been shown to be the third largest largest supplier to the government, with a figure of £897m, in a recent report by The Telegraph.

According to the BBC, RMT rail union general secretary Mick Cash said Carillion employees should be provided with both "protection and guarantees from the government".

This should include operations being transferred to Network Rail for the company's High Speed 2 rail contract, "with all jobs, pensions and rights safeguarded if Carillion goes bust".

Mr Cash said: "This is is the high-risk gamble you take with handing infrastructure over to speculative private companies and the workers caught in the crossfire must be protected."

Further reference to Carillion's FM contracts was made by the BBC, including nearly 900 schools, NHS trusts and National Grid facilities.

Although talks were held between the company and its lenders and advisers on 10 January, no further announcements have been made on Carillion's future.

Unite assistant general secretary Gail Carmail said: "The government must consider all options while the future of Carillion hangs in the balance, including bringing contracts back in-house."

A government spokesperson was quoted by the BBC as stating that the business has kept it informed of steps to restructure, further stating: "We remain supportive of their ongoing discussions with their stakeholders and await future updates on their progress."

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