City Link’s administrators have made more than 2,300 staff at the failed business redundant. Following the parcel carrier’s collapse into administration on Christmas Eve, Ernst & Young confirmed that although an offer was made for the business by a consortium, it offered “no money up front and significantly undervalued the assets to be acquired”. The administrator has now made 2,356 redundancies across the City Link’s UK sites, retaining 371 people to deal with the parcels that remain within the company’s […]
A failed move into freight forwarding contributed to the collapse of Simon Widdowson last month, according to the firm’s administrator Begbies Traynor.
The MD of Buxton-based Lomas Distribution has expressed his delight after the company secured the Winsford warehousing business of collapsed firm Seafield Logistics saving jobs in the process.