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

The collapse of ISG resulted in the immediate redundancy of around 2,200 employees, immediately impacting 69 central government projects, including significant undertakings in the prison system.
Despite reporting profitability in the current year, ISG's chief executive highlighted that previous lossmaking contracts severely impacted cashflow and ultimately led to the company's downfall.
Read at www.theguardian.com
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