Headlines, PublicNet: 4 September, 2018
The collapse of Carillion and cuts in public service capital spending are having a devastating effect on sub-contractors. Major construction companies secure most of the public service contracts who then sub contract to smaller companies. The pain resulting from the collapse of companies and public sector cut backs is spread across the sub contractors, who often are least able to stand the financial stress. This effect is illustrated by the case of Newcastle Joinery Limited which was taken to the brink and is now fighting back.
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