Liverpool Metro Mayor: ‘Something fundamentally wrong’ with Carillion collapse
Liverpool City Region Metro Mayor Steve Rotheram has called on the Government to provide ‘clear answers’ to the imminent ripple effect of construction giant Carillion’s liquidation.
Responding to this morning’s headlines, Mr Rotheram said: “There is something fundamentally wrong when a company of this size, with a number of significant contracts awarded by national government, ends up in this position.
“We need to understand what went wrong and how to learn from it.”
Speaking further, the Metro Mayor said the collapse “raises some very difficult questions” around what happens to the “many publically funded contracts […] that it will now be unable to honour”.
Such contracts include construction of the new Royal Liverpool Hospital and elements of the HS2 rail project.
Mr Rotheram continued: “There are also serious concerns over the future of all those people currently working for Carillion and around what will happen to its pension fund.”
It is understood that the jobs of almost 20,000 people in the UK are at now at risk.
The Metro Mayor added: “As a matter of urgency the government needs to provide clear answers to all these questions.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead