Carillion another gov bail out?

[RiffRaff 10]

Liquidation, not Administration. There is a difference...looking to sell off any assets rather than trying to reorganise as a going concern.

 

Correct.

My earlier post was wrong...apologies.

 

Just seen a statement from the chairman, stating it was a very sad day.

(Hadn't realised who the chairman was. Mr.Green....)

[stifflersmom 11]

But not the BHS Mr Green!

[I1L2T3 10]

Awesome.

 

Now let’s protect the services and workers by bringing the key operations under state control.

[Supertramp 10]

Awesome.

 

Now let’s protect the services and workers by bringing the key operations under state control.

 

Awesome, 20000 jobs about to get lost. Yay!

[I1L2T3 10]

Awesome, 20000 jobs about to get lost. Yay!

 

Can’t you read? I said we should protect the workers.

[Harrystottle 10]

A lot of subbies will go bust as well, not good.

 

Hopefully if this lot have their fingers in the PFI pie those PFI contracts can be binned and better arrangements made.

[I1L2T3 10]

A lot of subbies will go bust as well, not good.

 

Hopefully if this lot have their fingers in the PFI pie those PFI contracts can be binned and better arrangements made.

 

If companies have unviable business models based on inflated contracts passed on from Carillion do those companies deserve to survive?

 

The solution is to nationalise Carillion, protect the jobs and services, then unwind all this nonsense. Like you say it’s the perfect opportunity to ditch a lot of PFI contracts.

[Supertramp 10]

Can’t you read? I said we should protect the workers.

 

You do know that the government is not their only customer right?

[Harrystottle 10]

If companies have unviable business models based on inflated contracts passed on from Carillion do those companies deserve to survive?

 

The solution is to nationalise Carillion, protect the jobs and services, then unwind all this nonsense. Like you say it’s the perfect opportunity to ditch a lot of PFI contracts.

 

I don't know about an unviable business model, I do know that in the food chain of big business it is not unknown for those higher up the food chain to hold off paying subcontractors in the hope that the subbie will go bust and they won't have to be paid at all.

 

Absolutely agree about the ongoing scandal of PFI though. It has to be stopped.

[I1L2T3 10]

You do know that the government is not their only customer right?

 

Nationalise it

[RiffRaff 10]

But not the BHS Mr Green!

 

No, I appreciate that....but a most unfortunate coincidence.

[El Cid 220]

Weren't you around in the 70s Anna?

 

Just off the top of my head: British Leyland, British Coal, British Steel, spring to mind.

 

The solution is to nationalise Carillion, protect the jobs and services, then unwind all this nonsense. Like you say it’s the perfect opportunity to ditch a lot of PFI contracts.

 

Both private and state owned companies do fail, I don't think a state takeover is the right thing to do.