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BBC News - Connaught administration puts 10,000 jobs at risk

Nearly 10,000 jobs are at risk as the property and environmental services giant Connaught faces collapse.

The company, which specialises in social housing, said it was "in the process of appointing administrators".

The appointment is expected to be completed and announced formally on Wednesday morning.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Sep 7th, 2010 at 03:02:55 PM EST
[ Parent ]
There's apparently something of a whiff of Enron about this. It will be interesting to see the reaction of the authorities as they realise the extent to which they've been conned (allegedly).

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Sep 8th, 2010 at 06:06:04 AM EST
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