Wednesday 17 October 2018

Limbo of PPP schools casts doubt on model

The new building at Coláiste Ráithín in Bray, Co Wickow, which pupils are waiting to move in to. Photo: Steve Humphreys
The new building at Coláiste Ráithín in Bray, Co Wickow, which pupils are waiting to move in to. Photo: Steve Humphreys
Editorial

Editorial

Only 18 months ago, the construction firm was worth £2bn (€2.29bn). Last week, Carillion was forced to announce that so dire was the state of its finances it would be liquidated, not put into administration.

The decision has sparked one of the largest financial collapses in recent British corporate history.

The impact put the jobs of tens of thousands of workers in jeopardy, resulted in deserted building sites across Britain, and threatened its operations in Canada and the Middle East.

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