377 Carillion Workers Set To Lose Jobs!

5th February 2018.

Nearly 380 workers at Carillion are being made redundant as a result of the collapse of the construction firm last month.

The collapse has already forced many contractors into financial danger as many invoices are likely to remain unpaid. There is a little respite for some workers however, as the liquidating body was able to save 919 jobs from infrastructure and central and local government projects. Many of our members at the Credit Protection Association have suffered at the hands of the collapse, and some have had to find alternative employment. It is a time of great upheaval, but we do encourage our members to consider their options. If you have lost a contract after the collapse and are now struggling with bad cash flow, CPA can help get you get back on track!

The Official Receiver from the Insolvency Service said that most of the people who have kept their posts have been transferred to new companies that are taking over Carillion’s contracts.

However, it said that “despite best efforts” it was unable to secure 377 roles.

Carillion went bust on 15 January.

Carillion had employed 43,000 people, including around 20,000 in the UK.

Since it collapsed last month, a number of companies have said they will take over Carillion’s contracts and projects that they had previously worked on.

Kier Group had been part of a joint venture with Carillion and French business Eiffage on the High Speed 2 rail project. Kier and Eiffage are now partners on the scheme and are taking on 51 Carillion employees.

Carillion has affected many people, firms and industry bosses. From sub-contractors to managers, to architects to brick layers, it is going to take time for the sector to recover. With the recent loss of jobs, many firms are going to suffer. Here at the Credit Protection Association many of our members have felt the pain of lost contracts, and have seen valuable contracts leave behind nothing but unpaid invoices and added stress. We encourage business owners to see this as a learning curve. In the eventuality that something like this happens again, tuck some money away. Keep some funds aside to allow you room for manoeuvre.

If this is not possible, then please get in contact with CPA, and our dedicated collections staff can free up you cash flow! Get in touch with the details below!