Subcontractors lay off staff as Carillion crisis spreads

Threat of contagion likened to re-run of banking crisis with up to 30,000 small firms in supply chain owed moneyThe dramatic collapse of Carillion has started to hit thousands of the firm’s suppliers, as the real world impact of the demise starts to emerge.Subcontractors owed money by the construction and services giant are already being pressurised by their banks and have begun laying off workers, as the threat of contagion afflicting the sector was likened to a near re-run of the banking