Carillion liquidation: thousands of UK jobs at risk

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.