Parcelforce faces the chop
Parcelforce, the delivery business run Consignia, will have to close if its losses are not stemmed within 12 to 18 months, senior executives have warned. They say that all but the operations it is forced to carry out to fulfil its commitments to provide a universal service would be shut unless the losses – expected to reach £200 million by the end of the year – are turned around by spring 2003.
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