Carillion could cut 4,500 jobs

Construction giant Carillion has warned 4,500 UK staff they could lose their jobs because of the government’s decision to slash subsidies on solar energy. Carillion blamed the cuts on the government’s decision to cut the so-called “feed-in tariffs” – payments to owners of solar panels for the electricity they generate for the National Grid. The company has now begun the statutory 90-day consultancy.