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 […]
Prolog, a Nottinghamshire warehousing, distribution and logistics service, is expected to enter administration next week (26 November), its proposed administrator has confirmed.
Air freight logistics and refrigerated transport company Mark Priestley SDT has been sold to a new company after it entered administration.
The former directors of collapsed parcel carrier City Link have been cleared of failing to inform the government of impending staff redundancies before it went into administration last year.