O/F'ing/T Carillion

[Pattylallacks2]

That’s fine unless your company works for a company who works for Carillion. Carillion go bust owing thousands to the company your company work for. That company goes bust due to non payment from Carillion leaving your company not getting paid either.

It’s not just Carillion and their 40,000 employees at risk.

Carillion employ less than half the figure you quote

[one_a_day]

The UK's second-largest construction company employs 43,000 people worldwide, with about 20,000 of them in the UK.

[sawmiller]

That’s fine unless your company works for a company who works for Carillion. Carillion go bust owing thousands to the company your company work for. That company goes bust due to non payment from Carillion leaving your company not getting paid either.

It’s not just Carillion and their 40,000 employees at risk.

I know - that's why I have strived to have a very diverse client base - so that we aren't screwed if one of our clients goes bust - that has meant perhaps giving up on some opportunities over the years, but I can honestly say that if any of our clients go bust, we'd cope

[one_a_day]

Which is what every company should do but because Carillion are so big across many different sectors then several of your clients could have dealings with them.

The cost of bailing them out could be far less than the cost of allowing them to fail.

[WanChaiMiller]

Whats o fing t mean?

[flourbasher]

They want you to put OT in the title when starting non Millers threads.
Very dystopian

[CAMiller]

Whats o fing t mean?

Posts that are not football or RUFC related should be marked O/T (for Off Topic) so those only interested in football/RUFC know to not read them. Gets a bit tedious having to keep adding it for people, especially when Crash is active on here. Understand you are a newbie so sorry for taking my frustration out on your post.

[CAMiller]

They want you to put OT in the title when starting non Millers threads.
Very dystopian

Actually non football or non RUFC related. So threads about any football OK as are threads about NYS pies/seats etc. Not really dystopian but democratically voted for in preference to creating a new board for O/T threads. We did that twice and all boards suffered.

[flourbasher]

Just jesting Camilla.
A very well run message board.
Thanks for taking time to do it

[kempo]

Just jesting Camilla.
A very well run message board.
Thanks for taking time to do it

Failing companies should not be bailed out by the tax payer although some help should be given to save the pension fund.

The company should go into Administration and the profitable contracts sold on and the Pension Fund should have first shout on this money.

The non profitable contracts should be renegotiated by the government so they can be sold on thus the tax payer will take a small hit but the justification is to help the pension fund.

The shareholders of course will be all but wiped out.

Sorry only quoted by accident,nothing to do with quoted post.

It's Capitalism and survival of the fittest sometimes has to play out so poorly run companies,drowning in debt will not survive and that is the nature of things.

Why should we all pay?