UK construction firm ISG enters administration, resulting in 2,400 job losses.

UK construction firm ISG has entered administration, resulting in approximately 2,400 job losses. The London-based company, involved in 69 central government projects valued over £1 billion, failed to secure a buyer or additional funding amid challenging market conditions. About 200 employees will remain to help wind down operations. The UK government has enacted contingency plans for affected sites, anticipating a significant impact on subcontractors.

September 19, 2024
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