Carillion Collapses

British construction and services company Carillion collapsed on Monday when its lenders refused to provide any further financial support, forcing it to enter compulsory liquidation.

The company, which employs 43,000 people including 20,000 in Britain, provides services in defence, education, health and transport. It said the government would provide the necessary funding to maintain the public services carried out by its staff.

https://www.msn.com/en-gb/money/companies/britains-carillion-collapses-as-banks-refuse-to-lend-it-any-more-money/ar-AAuHRGi?OCID=ansmsnnews11