City Link goes bust
 

http://www.bbc.co.uk/news/business-30602326

A shame, as they were the only delivery firm that did the job properly for me. :(

Re: City Link goes bust
 

they deliver most of the stuff to my office :(

Re: City Link goes bust
 

And there will be many more going the way of the dodo in the coming weeks methinks.

Re: City Link goes bust
 

Disappointing for the staff and their families.

The writing was on the wall for years. If I recall correctly the entire business was sold to Better Capital for just £1.00 a year or so ago.

Re: City Link goes bust
 

Seriously ? Does he think they went out of business delibetately ?

Re: City Link goes bust
 

You cant call in administrators any other way.

Re: City Link goes bust
 

Maybe the union played a part it its demise.

This was last year


http://postandparcel.info/57756/news...-to-christmas/

Re: City Link goes bust
 

More than likely this:

Last month, Better Capital wrote down the value of its £40m investment in City Link by 50% .....".

Re: City Link goes bust
 

In the link it states they were a Perrenial loss maker, yet the union wanted to take them out on strike for more money?

Re: City Link goes bust
 

I was only just thinking how nice it was to have had a Christmas without mention of Bob Crow* stirring up trouble and strikes...

Sympathies for those who'll lose jobs but it'll be interesting to find out more about what's been going on.

(PS Yes I do know he's dead - I'm referring to his mention in the article linked to.)

Re: City Link goes bust
 

That was BECAUSE it was making a loss, not the reason for it.
Despite the £40m investment, it was still making a loss.

Re: City Link goes bust
 

Sounds about right for a union.

Re: City Link goes bust
 

From the link provided by Top banana;

"Scott Maynard, the City Link human resources director, said his company had been consulting with front line staff since June to make pay and conditions “fairer and more equitable”

“At the moment we are in the position where colleagues doing the same job in the same depot are getting paid different wages. This is a legacy that the current management team has inherited and is one we believe is fundamentally unfair,” said Maynard. “The proposals we have put forward will resolve this while ensuring that the vast majority of colleagues see no reduction in their pay packet or actually get an increase.”

So, no disagreement there.

What happened to Citylink is nothing to do with the actions of unions or union activity. It has everything to do with Better Capital and how, and why, it runs.

Re: City Link goes bust
 

The RMT seem to be in cloud cuckoo land on this one.

I certainly agree the timing was cynical as hell, however I've no idea what they think a 'political and industrial fight' can accomplish in these unfortunate circumstances.

Clearly the owners took the cash from the busiest time of the year and then wound up the company, however this isn't abnormal practice in any company and it's required of them to try and get as much 'value' out of the business as possible.

Sadly this doesn't even come close to coinciding with what's best for the staff, however I have to feel that Mick Cash is blustering away about how he won't tolerate any delay in his demands to talk to a cabinet minister and is playing politics of his own - as he would have to in these circumstances. To do anything less would harm the RMT's reputation.

Re: City Link goes bust
 

This is particularly interesting:

“Not only was it the most brutal and callous way to treat nearly 3,000 staff but RMT believes there may have been more cynical motives behind it, which we want the government to investigate."