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Keep up to date2024-09-20T10:09:00
Contractor ISG is set to collapse, in the biggest corporate construction failure for several years. Here is what the firm’s chief executive said to staff last night.
SG’s chief executive Zoe Price has confirmed that the £2.2bn-turnover contractor is set to go into administration and told staff that offices will be closed from today while sites will also be shut.
A deal to sell the business to a would-be buyer did not materialise.
The collapse is the biggest corporate construction failure since Carillion subsided six years ago and is set to see an administrator, believed to be EY, appointed shortly.
Below is the full text of Price’s email to ISG’s staff last night:
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