UK construction company Carillion filed for compulsory liquidation this morning after rescue talks with the government and lenders broke down at the weekend. According to City A.M., Carillion has been carrying £1.5bn of debt, including a £587m pension deficit, and a £300m cash hole. While it is still unclear as to how staff will be affected, the Wolverhampton-based firm's latest annual report shows that it employs around 20 thousand people in the UK.
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