City Link collapse: union meets administrators in effort to save jobs
Last edited Sat Dec 27, 2014, 03:29 PM - Edit history (1)
Source: The Guardian
Union officials are holding crunch talks with administrators for City Link in an attempt to save thousands of jobs following the parcel delivery firms collapse.
The RMT will meet administrators Ernst and Young in the hope they can strike a deal to prevent nearly 3,000 job losses.
The move comes after City Link announced on Christmas Day that it was going into administration after years of substantial losses.
Officials were due to meet in Leeds on Saturday afternoon to discuss the fate of the firms 2,727 staff, and union bosses vowed to stay in talks for as long as it takes to salvage jobs.
FULL story at link.
City Link announced on Christmas Day that it was going into administration after years of 'substantial losses'. Photograph: Rufus Cox/Getty Images
Read more: http://www.theguardian.com/politics/2014/dec/27/city-link-collapse-union-talks-administrators-save-jobs
City link would the United Kingdom's version of UPS or FedEx.
brooklynite
(94,520 posts)For a largely American audience, it would be useful to explain what City Link does.
Igel
(35,300 posts)No?
(Sorry. That's just going from the first line of the post.
(http://www.city-link.co.uk/ seems to confirm it, in nice University-of-Oregon-friendly colors.
(Go Ducks!)
More importantly, "go into Administration" really sounds like "declare bankruptcy." Not chapter 9 bankruptcy for reorganization, but preparatory to liquidation.
Omaha Steve
(99,618 posts)Thanks.
We just got home from shopping. I added this to the OP: City link would the United Kingdom's version of UPS or FedEx.
OS
T_i_B
(14,737 posts)They were more geared up towards the domestic market, although they weren't the most competitive firm offering courier services.