citylink

Updated: City Link to make over 2,350 staff redundant

The BBC reports that parcels delivery company City Link is to make over 85% of its staff redundant, after the firm went into administration on 24 December. The company, sold by previous owners Rentokil Initial to restructuring specialist Better Capital in April 2013, called in administrators Ernst & Young on Christmas Eve in the face of "substantial losses". The timing of the announcement was widely criticised by trade unions and some ... [+]