Interserve given 'public contracts worth £660m in run-up to collapse'

Claim follows reports of plan to nationalise operations in event of firm going into liquidation

Interserve, the troubled government contractor which collapsed last week, was handed £660m worth of public contracts in the run-up to going into administration, in an apparent repeat of the Carillion fiasco, the GMB union has claimed.

Last Friday, the company which employs 45,000 staff in the UK working on £2bn worth of government contracts, was put into administration after negotiations over a rescue deal with shareholders failed.

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from The Guardian https://ift.tt/2WbVArv