An Employment Tribunal has ruled that City Link failed to properly consult with its employees ahead of its administration in December 2014, and has awarded over 700 ex-staff a maximum pay-out of around £2.5m. In a case brought against the collapsed parcel carrier by 340 former employees, the Leeds Employment Tribunal said the firm had failed in its obligation to consult with its workforce ahead of redundancy. The tribunal found City Link knew it was in financial trouble with administration […]
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
Proposals to grant business groups the power to challenge unfair payment terms on behalf of their members are being considered by the government.
City Link parent Rentokil Initial is optimistic the troubled parcel carrier is on the road to recovery despite its latest results showing losses increased in the first three months of the year. In his statement to the market, Rentokil Initial CEO Alan Brown, says City Link losses were higher than the previous year but that performance of the business improved through the first quarter as its new management team started to implement their plans. Brown adds: “We expect a significant […]