A major British construction company is going into liquidation after failing to secure a financial lifeline. Carillion (CIOIF), which employs 43,000 people around the world, said in a statement Monday that rescue talks with stakeholders including the British government had collapsed. Carillion, which has roughly 19,000 workers in Britain and 10,000 in Canada, has its roots in the construction business. Green said that the U.K. government would provide funds to keep the company's public services operational, including school lunches and prison management. "All [Carillion] employees should keep coming to work, you will continue to get paid," he said.

Source: CNN January 15, 2018 09:06 UTC