Administrators EY confirm construction company, involved in 69 live government projects, has ceased trading

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More than 2,000 jobs have been axed and dozens of government construction projects could be paused as ISG, one of the UK’s largest contractors, fell into administration.

In the biggest collapse of a UK construction company since Carillion, administrators EY confirmed on Friday that ISG had ceased trading with immediate effect, with the closure of all of its sites.