Wincanton has been forced to make redundancies to offset falling profit in its Industrial and Transport division. In a trading update today (3 October), Wincanton said while it expects profit for the current financial year to meet expectations, it has set aside an exceptional charge of £7m to fund cost-saving initiatives, “primarily for the cost of redundancies in [its] Industry and Transport business”. The operator said it will spread the £7m charge over its financial year as the costs materialise. […]
Wincanton says it is “extremely disappointed” that Unite failed to persuade its tanker driver members to accept proposals put forward over terms and conditions after six days of talks at conciliation service Acas. A spokeswoman for the operator says: “Along with the five other employers, Wincanton entered into the talks in good faith, having clearly stated that sector-wide collective bargaining on pay was not to be on the agenda. “With just one third of the industry represented by the employers […]
Maritime Transport has signed a contract with international freight handler Allport Cargo Services, following 12 month trial.
Wincanton has been awarded a new contract with manufacturing firm Taylor and revealed its new finance director.