carillion
Total number of Carillion redundancies now stands at 1,700
More than 1,700 Carillion workers have been made redundant since the firm collapsed in January, according to the latest update from the Official Receiver.
In a statement published yesterday (26 March), the Official Receiver said a further 481 jobs have been saved with workers transferring to new suppliers, bring the total number up to 9,073.
But the Receiver added a further 123 staff will leave the business later this week, bring the total who have been made redundant up to 1,705.
The statement also confirmed that more than 6,400 Carillion workers have been retained to enable the construction giant to deliver the remaining services it is providing for public and private sector clients until decisions are made about those contracts.
“Discussions with potential purchasers continue,” the Receiver in a statement.
“I am continuing to engage with staff, elected employee representatives and unions to keep them informed as these arrangements are confirmed.”
The figures were published as the work and pensions and BEIS select committee published new documents from the Carillion Remuneration Committee (RemCo), which they claim show Carillion’s board was more concerned with “how to remunerate executives rather than what was going on with the business”.
“These RemCo papers are further evidence that when the walls were falling down around them, Carillion bosses were focussed on their own pay packets rather than their obligation to address the company’s deteriorating balance sheets,” said BEIS select committee chair, Rachel Reeves.
“While these directors could still walk off with bonuses intact, workers were left fearing for their jobs and suppliers faced ruin.
“Carillion had a notorious reputation for late payments to suppliers. But while suppliers were waiting up to 120 days to be paid, Carillion directors were doing their upmost to ensure there was no impediment to their receipt of fat pay and bonuses. Finally, when even the Carillion RemCo considered asking for directors to return their bonuses, the system and culture was so dysfunctional, and the terms and clawback provisions so weak, that even this meek step was ruled out,” added Ms Reeves.
Read the document here
Total number of Carillion redundancies now stands at 1,700
More than 1,700 Carillion workers have been made redundant since the firm collapsed in January, according to the latest update
Safety & Health Practitioner
SHP - Health and Safety News, Legislation, PPE, CPD and Resources