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Carillion: Urgent talks on construction firm’s future

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    Carillion workersImage copyright Carillion

    The future of troubled engineering firm Carillion is being discussed at high-level government meetings this weekend, the BBC understands.

    The firm is a key government contractor for projects including the HS2 high speed rail scheme, schools and prisons.

    There are fears it is close to collapse as it struggles with £1.5bn of debt and a pension shortfall of £587m.

    On Friday, Carillion said it remained in constructive dialogue about short-term financing.

    Reports that creditors had turned down a potential rescue plan sent the firm’s shares down by more than 28% on Friday.

    View the original article: http://www.bbc.co.uk/news/business-42675427

    http://www.bbc.co.uk/news/business-42675427

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