The administrator of City Link has revealed that around 20,000 parcels remain in its network. It comes as administrator Ernst & Young announced an additional 230 redundancies on top of the 2,356 made last week. The remaining 141 staff have been retained at its HQ in Coventry and across a number of other sites to assist with the winding down of the business and returning parcels to customers. The remaining 20,000 parcels are to be sent back to its Coventry […]
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.
HGV drivers made redundant by RHA members can apply for a free day’s Driver CPC or an HGV driver medical to help them get back to work.
City Link parent firm Rentokil Initial says its recovery plan for the parcels courier is on track despite posting an £18.5m operating loss for the first six months of the year. This 3.8% year-on-year reduction of its operating losses came as revenue rose 3.5% to £149.5m for the six months ending 30 June. Alan Brown, CEO at Rentokil Initial, says: “We expect losses to reduce further in Q3 and for the business to be profitable in Q4.” Revenue for the […]