YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Britain's Carillion collapsed on Monday following banks' unwillingness to back the construction and services company.
The 200-year-old business employs 43,000 people worldwide, including 20,000 in Britain. Carillion has been forced into compulsory liquidation after costly contract delays and a slump in new business, according to Reuters.
It poses a headache for British Prime Minister Theresa May's government, which has contracted with Carillion on 450 projects. May's administration is now considering a bailout for the company, according to the report.
Read more from Reuters.
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