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 […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
Last month MT exclusively revealed that Yodel chief executive Jonathan Smith is to leave the parcels firm after two years in charge of the combined DHL Express Domestic UK and HDNL (not to mention 18 months in charge of the DHL business alone). Smith’s CV shows more than 20 years’ experience in parcels, including a spell as chief executive of City Link – before its problematic take-over of Target Express – and a regional director role at British Rail’s parcels […]
This year has seen many companies in the parcels sector thrive as carriers move record volumes and consumers continue to do more of their shopping online. But while this has encouraged some parcel carriers to invest heavily in their networks and offer more services to their customers, 2013 has also bought with it more challenges for many operators who have struggled to keep apace with the rapidly changing industry. Motortransport.co.uk has compiled a list of the biggest stories in that […]