Electricians Shorthanded by Carillion? - WTF has gone on here?

[Dan]

Carillion appear to have left a lot of tradesmen empty handed.

Do we have any on here?

What are your thoughts on this?

 

[DC-backfrom the past]

I include Carillion in my business gateway inputs.
they are a prime example of a mega company drawing in contractors not paying them, then offering bigger jobs and stretching the smaller contractor and sending many into oblivion.
shocking that the government allowed this to happen

 

[grantr37]

Well, apart from the crap spelling, it's worth remembering that if you have a pension of any sort, you might well (directly or indirectly) be an investor in Carillion! So pushing for return of dividends could have an impact on you! (plus, it won't happen anyway)

Sorry mate your pensions gone, you need to work on sites til you're 68 and might get a state pension if that survives

 

[HandySparks]

Sorry mate your pensions gone, you need to work on sites til you're 68 and might get a state pension if that survives

Is that aimed at me or former employees of Carillion?

 

[grantr37]

Is that aimed at me or former employees of Carillion?

Anybody who has a pension that invested heavily in carillon and its financially connected suppliers

 

[HandySparks]

Anybody who has a pension that invested heavily in carillon and its financially connected suppliers

Ah yes, I take your point.

However, any pension should have sufficient diversification to avoid one failing company (or business sector) overly affecting the performance of the overall fund. And since the Carillion share price has been on a pretty strong downward trajectory since the beginning of 2014, I'd question the competence of any find manager still holding a significant amount at the time they went bust.