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.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs