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Omaha Steve

(99,488 posts) Sat Dec 27, 2014, 12:51 PM Dec 2014

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 firm’s 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 firm’s 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.

4 replies

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City Link collapse: union meets administrators in effort to save jobs (Original Post) Omaha Steve Dec 2014 OP

Can I make a suggestion? brooklynite Dec 2014 #1

Sounds like a "parcel delivery firm". Sort of Fedex. Igel Dec 2014 #2

Point taken Omaha Steve Dec 2014 #3

That's it T_i_B Dec 2014 #4

brooklynite

(94,302 posts)

1. Can I make a suggestion?

Reply to Omaha Steve (Original post)

Sat Dec 27, 2014, 01:30 PM

Dec 2014

For a largely American audience, it would be useful to explain what City Link does.

Igel

(35,270 posts)

2. Sounds like a "parcel delivery firm". Sort of Fedex.

Reply to brooklynite (Reply #1)

Sat Dec 27, 2014, 02:44 PM

Dec 2014

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

(99,488 posts)

3. Point taken

Reply to brooklynite (Reply #1)

Sat Dec 27, 2014, 03:30 PM

Dec 2014

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

(14,735 posts)

4. That's it

Reply to Omaha Steve (Reply #3)

Mon Dec 29, 2014, 09:01 AM

Dec 2014

They were more geared up towards the domestic market, although they weren't the most competitive firm offering courier services.

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