The news source is BBC News.
The company Carillion is currently in debt of 1.5billion and is currently fear of collapsing into administration. It is one of the biggest suppliers of services to the public sector.
One of the biggest reason the firm has believed to of gone wrong is that it has over-reached itself and taking on too many risky contracts that have been unprofitable.
It is greatly feared that this collapse could cause a lot of disruption in many areas.
In my opinion Carillion should sell as much assets as it can so as to attempt to pay off debts, or make the business insolvent, to prevent the situation from being made worse. Although as it is such a big company, if it were to close it can cause a huge negative impact on the economy as such loss of jobs will leave a lot of persons without a job.
There is very little content, context, and comparison here. Although you did include your opinion
ReplyDeleteTegan is right this lacks CCCEO. Although it is a news worthy story your writing is too vague.
ReplyDelete"It is greatly feared that this collapse could cause a lot of disruption in many areas".
Who is scared? what sort of disruption could be caused and in what areas?
Needs to be a lot more in depth please Rhian.