Carillion went bust.Thousands of workers lost their jobs overnight and 30,000 small businesses lost £2billion in bills that were never paid.The collapse cost the taxpayer £2.6billion to make good on the company pensions deficit.Despite all of this, every worker lost 10 per cent of their pension value overnight.Nearly three years on, no one has been held to account for the catastrophe.
In any way.The head of the unions in Scotland, the STUC’s Roz Foyer, says it looks like the regulators, who are supposed to police big business and the banks, have turned out to be “lap-dogs, not watchdogs”.She told the Record: “How can it be that nearly three years after Carillion’s downfall, the directors have laughed all the way to the bank and the workers.
Read more on dailyrecord.co.uk