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City Link owner ‘regrets’ Christmas bombshell
The owner of collapsed UK parcel delivery service City Link said it “regrets” how staff found out the firm was being put into administration over Christmas.
The board of Better Capital PCC Limited released a statement this morning five days after 50 staff in Bristol, and thousands across the UK, were told they would lose their jobs in the new year.
News of the appointment of an administrator was leaked to the media ahead of an intended announcement, the directors said, adding they “very much regret the impact on the employees of City Link receiving such bad news on Christmas Day”.
The firm with a depot in Bristol, said it has ceased to accept new parcels from customers and its depots will remain open for a “short period” to allow people to collect parcels.
Better Capital said it was “disappointed” the firm had gone into administration but it was “inappropriate to commit further capital”
“Accordingly, in light of continued substantial losses, City Link could not continue as a going concern,” it said.
Following talks at the weekend, transport union RMT demanded an immediate meeting with Business Secretary Vince Cable and called on the government to launch a rescue plan to save the company as a going concern.
Mick Cash, RMT general secretary, called the situation a “despicable and callous manipulation” of thousands of workers.
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