coffeejo
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- West Somerset
Not sure if this has been posted elsewhere but just saw this on the BBC website.
"UK parcel delivery company City Link, which employs 2,727 people, has gone into administration.
The company, owned by investment firm Better Capital, called in administrators on Christmas Eve after years of "substantial losses".
It stopped accepting parcels from customers at its head office and transport hub in Coventry, its three other transport hubs and 53 UK depots.
Administrators warned of "substantial redundancies" over the coming days.
This is because no buyer has been found to save the company.
Operations will be suspended at all the company's depots until Monday when customers and recipients will be able to collect their parcels."
"UK parcel delivery company City Link, which employs 2,727 people, has gone into administration.
The company, owned by investment firm Better Capital, called in administrators on Christmas Eve after years of "substantial losses".
It stopped accepting parcels from customers at its head office and transport hub in Coventry, its three other transport hubs and 53 UK depots.
Administrators warned of "substantial redundancies" over the coming days.
This is because no buyer has been found to save the company.
Operations will be suspended at all the company's depots until Monday when customers and recipients will be able to collect their parcels."