Construction Manager reports that the trading phase of Carillion’s liquidation is drawing to a close as the last of the 278 contracts provided by the group are transferred to new providers.
The liquidation trading period started on 15 January to ensure the continued provision of essential public services across hospitals, schools, roads, rail and other key infrastructure.
Carillion was the largest-ever trading liquidation in the UK.Â
An update from the Official Receiver confirmed that 83% of the original workforce has now either transferred with the contracts or resigned with another job to go to.
In the past week, a further 429 roles have transferred to new suppliers taking the total jobs saved to 13,945 jobs (76% of the pre-liquidation workforce), while nine staff will leave the business, taking total redundancies to 2,787 (15%) positions to date.
A further 1,272 employees have left the business during the liquidation through finding new work, retirement or for other reasons.
Around 240 core employees are currently being retained to help close out the remaining activities.
The focus of the liquidation will now shift to the provision of limited transitional services for some suppliers and finalising Carillion’s trading accounts, to ensure that payment is made to suppliers who have provided goods and services to the various liquidations, the Official Receiver said.
An investigation into the cause of the company’s failure, including the conduct of its directors, is still underway.