Press release: Carillion: Official Receiver’s update

By HM Government

A spokesperson for the Official Receiver said:

11,450 employees have been found secure ongoing employment as a further 357 jobs have now been saved with employees transferring to new suppliers who have picked up contracts Carillion had been delivering.

Regretably 36 employees, whose positions are no longer required as Carillion’s business transfers to new suppliers, will leave the business later this week. Jobcentre Plus’ Rapid Response Service will provide them with every support to find new work.

I continue to talk with potential purchasers for Carillion’s remaining contracts and will keep staff, elected employee representatives and unions to keep them informed as these arrangements are confirmed.

further information:

In total, to date 11,450 jobs have been saved and 2,257 jobs have been made redundant through the liquidation
This information does not include jobs attached to contracts where an intention to purchase has been entered into but has not yet formally occurred
Around 3,300 employees are currently retained to enable Carillion to deliver the remaining services it is providing for public and private sector customers until decisions are taken to transfer or cease these contracts
Further information about rights in redundancy is available on gov.uk

To be notified of future updates from the Official Receiver please register to receive an email alert.

From:: Press release: Carillion: Official Receiver’s update

National Statistics: Insolvency Statistics: January to March 2018

By HM Government

This statistics release contains the latest data on company insolvency (companies which are unable to pay debts and enter liquidation, or enter administration or other company rescue process) and individual insolvency (people who are unable to pay debts and enter formal procedures).

Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.

Main messages

Companies

The underlying number of insolvencies (excluding bulk insolvencies) increased in Q1 2018, to the highest quarterly level since Q1 2014.
This was driven by a rise in underlying creditors’ voluntary liquidations, and compulsory liquidations.
People
Total individual insolvencies increased in Q1 2018, reaching the highest quarterly level since Q3 2012.
This was driven primarily by an increase in individual voluntary arrangements, which reached a record high, while the number of bankruptcies and debt relief orders also increased.

From:: National Statistics: Insolvency Statistics: January to March 2018

London Stock Exchange told to tackle culture following CEO’s departure

By Gavin Hinks

Report calls on the London Stock Exchange to be more transparent about the company culture it wants following the controversial departure of CEO Xavier Rolet.

The post London Stock Exchange told to tackle culture following CEO’s departure appeared first on Board Agenda.

From:: London Stock Exchange told to tackle culture following CEO’s departure