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Nom
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15-01-2018, 10:53 AM
11

Re: Carillion goes to the wall !!!

I feel sorry for the thousands of employees that will suffer, Construction is a hard taskmaster, finding work in this climate will not be easy for them.
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15-01-2018, 10:55 AM
12

Re: Carillion goes to the wall !!!

Originally Posted by swimfeeders ->
Hi

The profit warnings started in August last year, so what new contracts have they had since then?

At least the Government did not bail them out and let the shareholders take the hit.

I am more concerned with the pension fund deficit and those who will lose their jobs.

They employ 43000 people .
I feel sorry for them must be a horrible situation .
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15-01-2018, 11:30 AM
13

Re: Carillion goes to the wall !!!

Hi

The Government recently bailed oyr Vigin and another train company by allowing them to give back their contracts.

I am at a complete loss to understand why this was done, Virgin Group is loaded.

Pension funds should also be ring fenced, even the Government raid them.

Blair and Brown were experts at it.
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15-01-2018, 11:33 AM
14

Re: Carillion goes to the wall !!!

Originally Posted by Uncle Joe ->
Given the series of 'profits warnings' the company has issued it was negligent and incompetent of the scumbag 'nasty party' to continue to award contracts to this company.
Gaining new contracts is life blood to companies and gives them time to solve their financial problems if possible, and let's remember that they get paid when contracts are fulfilled so hopefully the taxpayer is on a loss as yet. The company will more than likely continue trading under administrators, and with loan guarantees the banks may be able to continue support whilst the company is being restructured.

Certainly regardless of the past, the future of many public services and thousands of livelihoods depend on this company so will have to be supported somehow. Labour did it for the banks remember, so Carillion is small change comparatively...
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15-01-2018, 11:49 AM
15

Re: Carillion goes to the wall !!!

Originally Posted by Uncle Joe ->
Seems the Government may have to 'nationalise'rather more of our economy than they would want.

I wonder if they'll ever get HS2 built now???


https://www.aol.co.uk/news/2018/01/1...ch-talks-fail/

Course they will, preparatory work has started round here.
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15-01-2018, 12:46 PM
16

Re: Carillion goes to the wall !!!

Originally Posted by spitfire ->
Course they will, preparatory work has started round here.
That means nothing, I remember when my husband was working on the TSR2, which was cancelled, costing many millions and job losses.
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15-01-2018, 07:49 PM
17

Re: Carillion goes to the wall !!!

Wondering if Carillion's demise will have a domino effect on smaller companies who were owed money ? . . . . Could be grim.
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Primus1
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15-01-2018, 07:54 PM
18

Re: Carillion goes to the wall !!!

Originally Posted by Realist ->
Wondering if Carillion's demise will have a domino effect on smaller companies who were owed money ? . . . . Could be grim.
You could be right there realist, Carillion employed about 19000, people, the rest are subcontractors
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15-01-2018, 07:58 PM
19

Re: Carillion goes to the wall !!!

The taxman is bailing them out.
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16-01-2018, 12:45 PM
20

Re: Carillion goes to the wall !!!

Government support for small companies runs out in 48 hours but the bosses have trousered huge bonuses.
The unacceptable face of Capitalism.
http://www.bbc.co.uk/news/business-42695661
 
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