MPs Launch inquiry into Carillion’s collapse

Carillion, Britain’s second biggest construction company has gone into Compulsory Liquidation, with the official Receiver appointed Liquidator. Today Parliament’s Pensions and Business Committees announced the launch of a joint inquiry into the company’s demise.
Thousands of smaller firms relied on Carillion’s employment, and the company was involved in several major projects such as the HS2 high-speed rail line, as well as concessions managing various schools and prisons. Besides being the second biggest supplier of maintenance services to Network Rail, it also maintained 50,000 homes for the Ministry of Defence.
The Kier Group, a competitor to Carillion who were also in a joint venture partnership with the troubled company has now taken over Carillion’s work on HS2 and smart motorways traffic management projects. Kier confirmed it is now in a 50/50 joint venture with Eiffage (a French construction company), and that around 200 Carillion employees, including apprentices, have been offered jobs, to ensure work continues smoothly with no disruption to HS2.
More