More than 2,000 jobs axed as UK prison builder ISG collapses

https://www.theguardian.com/business/2024/sep/20/jobs-risk-construction-firm-isg-heads-for-collapse-administration-sites

Posted by 457655676

7 Comments

  1. I think the more worrying thing is that this case was reported because of the size of the company. I heard quite a few stories over the year about small / medium size construction companies going bust / doing massive layoffs. It seems it got especially bad this autumn. I think we are going to hear more stories like this in near future.

  2. Are we/have we been building many prisons? I thought that was the problem?

    I thought most prisons were so old and falling to bits I’m surprised there was even a company with 2000 employees dedicated to building them.

    What exactly were they doing? Genuine question, I’m not being flippant.

  3. This is what happens when, essentially you are just borrowing money to keep going. It’s also been a really hard time for business in general in the uk. We had brexit, covid, brexit again (when it came into force), Russian invasion Ukraine, liz truss all with the back drop of incompetent governance.

  4. Unemployed skilled labourers all over the nation and a shortage of homes. We have a national home building labour force ready that would serve us better than the current monopoly.

  5. The UK needs to build more prisons (as well as other infrastructure).

    2400 people with experience building prisons are now out of a job.

    What’s stopping the government just setting up their own state-owned prison building company to ensure this building still gets done and ensures thousands of people aren’t suddenly put out of work?