January 17, 2018 / 12:55 PM / 6 months ago

Over 90 percent of private Carillion customers will pay to keep employees: UK insolvency service

LONDON (Reuters) - Over 90 percent of Carillion’s private sector service customers have said they will provide funding to allow the company’s official receiver to retain employees on those contracts, Britain’s Insolvency Service said on Wednesday.

A Carillion sign can be seen in Manchester, Britain July 13, 2017. REUTERS/Phil Noble/Files

The construction and services contractor collapsed on Monday, and the government said it would pay private sector employees for 48 hours before the company’s customers would have to bear the costs themselves, or accept termination of the contracts.

Reporting by Alistair Smout; editing by Stephen Addison

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below