Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors. Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL’s holding company will be put into administration if an agreement cannot be reached. DBAY’s proposal includes a £55m high-interest loan in exchange for DBAY taking a majority stake. But in […]
Strike action set for next week at Eddie Stobart Logistics has been avoided, after the operator and union Unite held talks today (24 May).
Anoop Kang is to become the new chief financial officer (CFO) at Eddie Stobart Logistics (ESL) from 1 April, the operator announced today (15 February).
Unite members at Eddie Stobart Logistics’ Walkers Snacks Food contract are being balloted for strike action, after the union accused the haulier of ignoring its members’ established terms and conditions.