This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

http://www.cafmexplorer.com/?utm_source=pfm-site&utm_medium=468x60banner&utm_campaign=2018_messaging

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."


Print this page | E-mail this page

MOST VIEWED...


Article image Nigel Taylor: Who is the Man behind Carillion Services?

Clear, engaging and collaborative – that’s how Carillion Services MD Nigel Taylor, a lifelong Leeds United supporter – describes his management style. In this exclusive interview, PFM got a glimpse of the private man behind the business image.Full Story...

Article image Carillion paid price for 'chasing revenue at the expense of profit'

Thoughts on the demise of Carillion have been shared by the PFM Editorial Advisory Board (EAB) during its latest meeting yesterday afternoon.Full Story...

Sodexo, Carillion and Mitie top Magenta’s social media FM ranking

Troubled FM businesses feature in top government suppliers' list

Be in control of your washroom with new Scott® Control Range

http://www.fsi.co.uk/concept-advantage.htmlhttps://www.cleaningshow.co.uk/manchester