Tag: UK

Calls for Consignia to sell Parcelforce, its struggling package delivery arm, are increasing as losses continue to mount. “The business would be better off outside Consignia, because mail, parcels and retailing are separate businesses, ” said Paul Jackson, MD of parcels industry consultant Triangle. “They could consider a management buyout scheme.” Jackson said: “Problems are mounting in the rest of Consignia’s business, with the opening up of the letters market to competition and industrial relations problems. Consignia’s management won’t have time to sort Parcelforce’s problems out. The government does not need to be in the parcels business – or retailing for that matter. If Parcelforce wasn’t owned by Consignia, it would be a market leader today.”