Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Following the collapse of engineering and construction company Carillion, it has been announced that 377 jobs will be made redundant. It is being reported that 253 of these jobs are from public sector contracts with the remaining 124 from private sector work.
The Official Receiver, the body responsible for liquidating the company, also announced that 919 jobs would be saved by companies taking on Carillion contracts. At the time of the collapse Carillion employed around 20,000 workers in the UK. The future of the majority of these jobs has yet to be determined. The Unite union has described the situation as a 'feeling of chaos and confusion' as the full effects of the decision to enter liquidation continues to develop.
UPDATE 05/02/2018: It has been announced that a further 452 jobs will be lost from Carillion in addition to the 377 previously reported. The latest redundancies affect workers on both public and private sector contracts as well as some back office roles.
UPDATE 08/02/2018: A further 101 job losses have been announced at Carillion, taking the total number of redundancy notices to 930. The Official Receiver, acting on behalf of the Government made the announcement. It also confirmed that 2,250 jobs have been saved. The future of the remaining jobs continues to be uncertain.
UPDATE 19/02/2018: A further 152 job losses have been announced at Carillion. The total job losses are now estimated to stand at 1,141 since the company went into liquidation. The official receiver commented that 7,610 jobs have been saved. The future of about 11,000 jobs remains uncertain.
UPDATE 26/02/2018: Carillion has announced a further 230 job losses, taking the total jobs lost so far to 1,371. The official receiver also commented that a further 4,556 jobs had been secured after new suppliers emerged to take on some of the Carillion contracts.
UPDATE 05/03/2018: A further 87 redundancies have been announced at Carillion, taking the total number so far to 1,458. 150 jobs have been saved, meaning that over 45% of the pre-liquidation workforce has been given ongoing employment.
UPDATE 12/03/2018: Seventy-eight further jobs losses have been made at Carillion. The total number of jobs lost now stands at 1,536.
UPDATE 20/03/2018: A further 46 jobs losses have been announced at Carillion, taking the total number of jobs lost so far to 1,582. Seventy-one jobs have been transferred to new suppliers bringing the total number of jobs saved to 8,592.
UPDATE 26/03/2018: The official receiver has confirmed that there have been a further 123 redundancies made at Carillion, taking the total number of jobs lost to 1,705. The receiver also confirmed that 481 jobs had been secured taking the total secured to over 9,000.
UPDATE 30/07/2018: 356 Carillion employees, including 341 apprentices, have been made redundant. The total number of redundancies now stands at 2,778 and a total of 13,516 jobs have been saved.
Eurofound (2018), Carillion, Bankruptcy in United Kingdom, factsheet number 93374, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93374.
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