The RMT union has said UK parcel carrier City Link descended into a “truly horrific catalogue of mismanagement” during this year’s peak season, which will leave 2,000 staff facing redundancy on New Year’s Eve.
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UK parcel carrier City Link has cut its losses almost in half in the past year, and says it is expecting the turnaround to continue with more investment.
Read MoreExpress operator City Link reduced its operating loss for the first half to £4.7m – that is £2.3m lower than in 2009 on sales that remained unchanged at £167.1m.
Read MoreAfter a good start to 2008, the international express industry has been hit by a dramatic decline in recent months as the economic environment has worsened. This ‘Review of the Year’ looks at how the market leaders have developed during 2008 and how they are responding to the slowdown in business.
Read MoreThe company launched a restructuring programme after being hit by major integration problems in late 2007 and early 2008.
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