has gone into administation.
It's a recession and we expect companies to struggle and jarvis has been in the 'difficult' category ever since its plunge into PFI contracts which it never managed to make profitable.
However, now administration has been driven by a fall off in work from network rail. Network Rail had begun some major cuts last year; indeed these have led to strike action - which are on quite strong ground about safety rather than pay for once from Bob Crow!
There are many threads here that we will see over again in the next few years in the UK:
1) State body makes random cuts (Network Rail is responsible to no one, even though it is state owned, in effect it is its own Quango), roundly condemned as the wrong choices.
2) Private sector contractors get first hit as they don't strike
3) Public sector workers then go on strike.
4) Services fall and economic loss is suffered all round.
We have to have cuts and less spending becuase we have run out of money, but it is all going to get very messy and interestingly the private sector will suffer more do to the logic of Government spending (i.e. the last to go are the actual civil service jobs which have the best perks like pensions)