Infographic: The Carillion collapse, explained

The collapse and liquidation of Carillion has dramatically unfolded over the last few days, leaving a company with a dominating global presence dethroned from its former glory.

With thousands of jobs at risk and a debt of £1.5 billion, several projects including parts of the Paradise project in Birmingham and the building of the HS2 have been hit. The crisis has triggered debates on handing out government contracts to private firms and the repercussions of doing so.

If you’ve been living under a rock and have no idea what the crisis is all about, here’s some help with wrapping your head around the developments.

 

 

See more:

Councillors, business people mobilise to handle Carillion fallout

 

Here are the links to the stories that nourished this infographic.

 

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