Carillion Carillion lenders consider appeal to save firm from collapse Despite late rescue bid, administrators prepare to take action, prompting fears for 43,000 jobs, major projects and crucial public services Cranes at a Carillion construction site in central London. It took over running public service projects, ranging from prison and hospital maintenance to cooking school meals. The shadow health secretary, Jon Ashworth, urged his opposite number, Jeremy Hunt, to make a public statement to guarantee that hospital services would not be affected. As well as managing services across education, the NHS, the prison service – and working on transport projects – Carillion is a major contractor building the Midland Metropolitan and Royal Liverpool University hospitals. “The good news is that the 28,000 Carillion pension scheme members would receive PPF compensation – around 85% of the pension promise end-to-end – and the PPF surplus is big enough to cope,” he said.

Source: The Guardian January 14, 2018 19:21 UTC