Subcontractors begin laying off staff after Carillion collapse

Up to 30,000 small businesses thought to be owed money by firm, which is in liquidation with debts of £900m

The dramatic collapse of Carillion has started to hit thousands of the firm’s suppliers, as the real world impact of the demise starts to emerge.

Subcontractors owed money by the construction and services giant are already being pressurised by their banks and have begun laying off workers, as the threat of contagion afflicting the sector was likened to a near re-run of the banking crisis.

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