Sudden hope for Carillion's 8500 private sector staff
Sudden hope for Carillion's 8500 private sector staff
UK business secretary seeks fast-tracked Carillion probe
19 January, 2018, 01:58
The Government said the probe will look at bosses "past and present" who received fat cat salaries while the firms shares tumbled and it racked up billions in debt.
The move came amid political anger about bumper payments to executives who had been in charge as the firm headed for the rocks.
Carillion on Monday collapsed into liquidation after struggling with huge debt and heavy losses on contracts.
He pocketed £1.5 million in salary, bonuses and pension payments during 2016 and, as part of his departure deal, Carillion agreed to keep paying him a £660,000 salary and £28,000 benefits until October.
Labour leader Jeremy Corbyn accused the government of negligence, saying it awarded contracts to Carillion even when it became clear the company had problems.
Separately on Wednesday, oil and gas services company Wood Group said Mr Howson had resigned his £35,000-a-year role as a non-executive director of the business with immediate effect.
Sheila Thomson, director of services at Perennial said: "The collapse of Carillion will affect a large number of small sub-contracted businesses, many of which were pro-actively encouraged by the government to get involved in these public sector contracts".
Ministers have been left reeling after Carillion went bust with 450 public sector contracts on its books.
The 200-year-old firm employed 20,000 workers across Britain before banks pulled the plug.
"Staff that are engaged on public sector contracts still have important work to do".
Meanwhile the Insolvency Service has also confirmed it had contacted all of Carillion's private sector service customers, such as those working in facilities and management, with over 90 per cent stating they wish to continue with current arrangements.
HMRC, offering them more time to pay tax bills and providing workers with cash support through the tax credits system.
"So many of our public services are at risk - school meals services, hospital cleaning services, maintenance contracts, Army housing, are all at risk because of the way this company has been run".
"As the ruins of Carillion lie around her, will the Prime Minister act to end this costly racket of the relationship between Government and some of these companies?"
The collapse of Carillion, the UK's second biggest construction company and a major provider of public sector projects, has caused shockwaves across the industry and has led to searching questions about the future of such public/private finance schemes.
May said a third of government contracts with Carillion were let by the previous Labour administration, adding she wants to provide "good quality public services, delivered at best value to the taxpayer".
It's also put blockchain - the software technology enabling Bitcoin and other cryptocurrencies - on a trajectory of its own. Bitcoin , which fell to a low of about $9,500 yesterday , has already gained almost $2,000 to trade near $11,500.
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Lara Croft is the fiercely independent daughter of an eccentric adventurer who vanished when she was scarcely a teen. Her jounrey won't be easy because a group of bad guys calling themselves "Trinity" are on the island.
Within 24 hours, the tweet had surpassed the retweet goal, and Harbour immediately got to work on keeping his word. And I thought, 'Is this real?' Like, what the heck?' She posted photos from the session last week.
Equities have been boosted this year by optimism in the US economy and expectations for a strong earnings season. Before shedding all of the day's gains, the Dow briefly reached an all-time high of 26,086.12 on Tuesday.
Earth's global surface temperatures in 2017 ranked as the second warmest on record, says an analysis by the US space agency NASA. NOAA calls it the third warmest year on record , due to slight variation in the ways that they analyze temperatures.
A total of 25 trophies have been won by the Spanish centre-back since being brought back to Catalonia a decade ago. Gerard Pique has extended his stay at Barcelona through to 2022 with the penning of a new contract at Camp Nou.
Building Toy-Con is especially fun with family and friends, as you collaborate and share each other's Nintendo Labo experiences. There were many theories about what Nintendo was going to announce yesterday , but I've yet to read one that saw this coming.
As reported yesterday here on eWrestlingNews .com, Roman Reigns has been accused of being a client of a now-jailed steroid dealer. The reason given by the WWE was that the policies apply to only full-time employees, and Brock Lesnar worked only part time.
Beyond the numbers, Ford is doing a pretty big reset that could change how the company looks within five years. Ford will invest $11 billion in electric cars, to have 40 hybrids and all-electrics in its range by 2022.
Trump Signs Massive Tax Bill Into Law
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Kyrgios Remains Perfect In 2018, Now For Tsonga
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Lebanon bans The Post
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Donald Trump 'told porn star ex she reminded him of Ivanka'
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CJI meets rebel Supreme Court judges for third time today
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Cardi B Lands First Movie Deal
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Flu-related deaths reach 5 in Cuyahoga County
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