Carillion: concerns over future

Responding to fresh concerns about the future of major construction contractor Carillion, Unite today (November 17) has called for urgent talks.

 

The union which represents around a 1,000 workers at the company and has many more operating in its supply chain, made the call for a meeting after the company’s share price plunged following a fresh profits warning.

 

Carillion has also been forced to admit it is set to breach its banking convents next month and its debts for 2017 are likely to be in the region of ÂŁ925m.

 

Unite national officer for construction Bernard McAulay said, “Unite has hundreds of members at Carillion all of whom will be highly concerned about the company’s financial situation.

 

“Aside from the directly employed workforce there are significantly more who are employed by sub-contractors and agencies on Carillion sites throughout the country.

 

“It is vital that the senior management of the Carillion Group sits down with Unite and provides a warts and all prognosis of the company’s long-term future in order for our members to be properly informed of what the future holds. They need to know how Carillion intends to deal with its current financial crisis,” McAuley added.