More than two weeks of strike action by UPS drivers working on an Argos contract are due to start this month with a long-running pay dispute showing no signs of being resolved. The Unite union warned there would be severe disruption for the retailer if shunter and HGV drivers at the Barton distribution centre stopped working from the 17 December and it urged UPS to table “a sensible offer”. The union said its pay claim submitted in March had been […]
Parcels firm UPS has said it can not comment further on an investigation into the discovery of more than £1.6m worth of cannabis (pictured), amphetamines and ecstasy at a parcels depot in Tamworth in December.
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
UPS and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]