Banks extend £225m lifeline to Carillion subcontractors as firms offer jobs

Taskforce of high street banks, trade bodies and businesses draw up measures to limit job losses as unions press government to act

High street banks have made more than £225m available to help businesses put at risk by the failure of Carillion, while companies have offered to take on staff who were working for the firm when it collapsed into receivership.

A taskforce of banks, businesses and construction industry trade bodies met with the business secretary on Thursday to discuss ways to contain the impact of Carillion’s collapse on jobs and the wider economy.

Continue reading…

Read full original article »