Carillion going bust

[SWP's back]

well the shareholder divi's and board bonuses have to come from somewhere FFS - if the Govt won't give you the money like they did the banks then someone has to provide why not the pension scheme. A fitting memorial to Robert Maxwell.

It’s absolutely nothing like the Maxwell situation.

The deficit would still be down as £587m if Carillion were still a going concern.

 

[bluethrunthru]

It’s absolutely nothing like the Maxwell situation.

The deficit would still be down as £587m if Carillion were still a going concern.

I wasn't suggesting it was - I was alluding to the fact that yet another company treats its pension obligations to employee's with disdain.

 

[Ifwecouldjust.......]

From the BBC news site. Let's see how long it takes for Mayday to put her words into action.

The government will stop workers' pensions being put at risk from "executives who try to line their own pockets", the prime minister has said.
In the Observer, Theresa May said a government white paper would set out "tough new rules" for company bosses.
It comes as construction firm Carillion's collapse could leave a pension scheme deficit of £900m, potentially affecting 27,500 workers.
She also defended using the private sector to complete public projects.
In her comment piece, Mrs May stressed that it would be Carillion shareholders, not taxpayers, "who pay the price for the company's collapse".
She said the government would not be writing the company's directors a blank cheque, but would be "stepping in and supporting those affected".
It was earlier reported that Carillion's defined benefit pension schemes has a deficit of £580m, although this figure could be as high as £900m.

Be interesting to see the exit from the stock market if companies can only make dividend payments to shareholders AFTER the auditors confirm that the pension fund is fully paid in and up to date

 

[Tuearts right boot]

Dont know if anybodies mentioned this but they were much better outfit when Fish was the front man.

 

[KS55]

Coincidence?

Chris Grayling appointed Justice Secretary in 2012

First job is to be involved in a "Prison benchmarking programme" where staff were reduced from about 23,000 in 2012 to about 18,000 in 2015

After a Prison enquiry it was decdided savings and staffing shortages had made "a significant contribution to the deterioration and safety" in prisons.

Carillion awarded Prison contract in 2015

Grayling gets a sideways move in 2015

Grayling then lands the Transport Secretary's job in July 2016

Carillion awared HS2 contract in July 2017

Like i say, coincidence?

You missed out his disastrous "reforms" of the nhs. Remember they said there would be no more top down nhs changes, but, bugger me, thats the first thing the coalition gov did.
Grayling is useless. CHOP.

 

[york away to this!]

Dont know if anybodies mentioned this but they were much better outfit when Fish was the front man.

I'm with you there - he certainly ran a very tight ship and was obsessed about the accounts, from what I understand.

 

[stonerblue]

I'm with you there - he certainly ran a very tight ship and was obsessed about the accounts, from what I understand.

I believe he still out-sourced the hairdressing side of things though, and the deconstruction of hotel rooms arm.

 

[york away to this!]

I believe he still out-sourced the hairdressing side of things though, and the deconstruction of hotel rooms arm.

clearly the sign of a misplaced childhood...