Tuesday, March 18, 2025 | 06:53 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

Image

Reuters LONDON

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.

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)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 17 2018 | 6:22 PM IST

Explore News