City Link collapses, 2700 jobs at risk...

Don't see how that is relevant? He was already rich before the city link investment. He's not sunk his entire net worth into the company - he has other companies separate to city link - why would/should they be affected? Why shouldn't he walk away relatively rich inspite of the loss he had taken here?


When is any of his posts relevant to anything?
 
Of all the couriers, City Link are by far the worst round here. Indeed, an OcUK-competitors usage of City Link is what made me switch to using OcUK in the first place as they offered Securicor-Omega as their courier instead.

Obviously it's sad for anyone loosing their job, but yeah - City Link suck and I won't shed a tear.

Dreadful company but the employees deserved better than a Christmas Eve announcement.
Indeed. I was quite surprised when Sky News broke this story on Christmas Eve. But now it transpires...

But sources close to the situation pointed to an email sent by one RMT official to members on Christmas Eve which said - inaccurately - that the company had already called in administrators that morning.

"This led to increasing pressure on the business and given the level of rumour [there was a] risk of creditor action and thus the company [had to be placed] into administration to give it protection," said an insider.​
 
Sadly this had been on the cards for months, the business has been taking is last breath for longer than expected. More to come I suspect in this space, it's broken and full of risk for little reward.
 
Not really much need for the aggression/sensitivity there, Jez was only asking a question?

I wasn't being aggressive :/

You will have to excuse me, I forget sometimes who I am talking to and that I have to clearer in my intent.

The addition of a ;) was required in the post you quoted.
 
He's angry, he's just spent 12 hours working for less than £36, give him a break...

On a serious note, what I feel is a great deal of sypathy for those that do earn that.

I charge them £125 a day to provide a driver to cover their round (in their van) of which our driver gets £90, regardless of if he clears the round up or not.

These guys get 50p a parcel.
And get around 70 to 80 parcels a day to deliver.

If they get a parcel from one of the larger accounts, they get 45p.

You can laugh and shake your heads and believe it isn't true, but that's what these guys are working for.
 
Sod being a subby getting paid by the drop. Far too much hassle to earn a living that way. The best way to work in the carrier industry is to find a job where you are relatively distant from the actual parcels!
 
On a serious note, what I feel is a great deal of sypathy for those that do earn that.

I charge them £125 a day to provide a driver to cover their round (in their van) of which our driver gets £90, regardless of if he clears the round up or not.

These guys get 50p a parcel.
And get around 70 to 80 parcels a day to deliver.

If they get a parcel from one of the larger accounts, they get 45p.

You can laugh and shake your heads and believe it isn't true, but that's what these guys are working for.

£30k+ before tax a year if you work 5 days a week. Doesn't sound that bad to be honest :confused:
 
Good on them, everyone involved with that company is crap.

I made the very silly mistake of accidentally asking them to collect a parcel and bring it to my work address. on a next day service Do this extremely often and it runs like clockwork.

However with City Link, 2 attempts to deliver at 5pm and then just got them on the third day 5 minutes before closing.

I hope they all suffer.
 
Good on them, everyone involved with that company is crap.

I made the very silly mistake of accidentally asking them to collect a parcel and bring it to my work address. on a next day service Do this extremely often and it runs like clockwork.

However with City Link, 2 attempts to deliver at 5pm and then just got them on the third day 5 minutes before closing.

I hope they all suffer.

So the next time somebody at your place of work makes a balls-up, you and everyone else there will be equally culpable and incompetent?
 
Don't see how that is relevant? He was already rich before the city link investment. He's not sunk his entire net worth into the company - he has other companies separate to city link - why would/should they be affected? Why shouldn't he walk away relatively rich inspite of the loss he had taken here?

lets say I start a company selling stuff on ebay, business collapses and I'm comfortably living in my £400k house but now have debts of 600k should I be able to write them off like millionaires seem to do?

they always seem to come from bankruptcy with millions!
 
lets say I start a company selling stuff on ebay, business collapses and I'm comfortably living in my £400k house but now have debts of 600k should I be able to write them off like millionaires seem to do?

they always seem to come from bankruptcy with millions!

yup why wouldn't you be able to? why would you be bankrupt?
 
lets say I start a company selling stuff on ebay, business collapses and I'm comfortably living in my £400k house but now have debts of 600k should I be able to write them off like millionaires seem to do?

they always seem to come from bankruptcy with millions!

It depends on whether your ebay business is a Limited company or not.
 
well he's mentioned starting a company and he's trying to make an analogy to this city link story... though how you'd end up in 600k debt through an e-bay shop is another matter

but are people missing the point about companies and limited liability?
 
yup why wouldn't you be able to? why would you be bankrupt?

you don't think if you run a business into the ground that you should be responsible for all debts? always the little people at the end of the line waiting to collect as well the ones that get hurt the most.

rich people just seem to brush it off like nothing happens.

#unfair society

I wonder how many people are about to lose their houses out of those 2700 because they are skint after Christmas with no job security like they thought

but the owner gets to walk away
 
1. lol arknor
2. What?

If the directors have acted unlawfully then they can be brought to justice. I don't see how what they have chosen to do with their salary / dividends is relevant at all.
 
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Home delivery was an idiotic idea in the first place, it works well for sofas, but no one wants to take the whole day off work and pay extra to have it delivered to the door when it could be delivered to a post office at the end of the street that allows the parcel to be collected at the end of the day. Amazon lockers etc in local 24/7 spars, are the future of most home deliveries.
 
Good on them, everyone involved with that company is crap.

I made the very silly mistake of accidentally asking them to collect a parcel and bring it to my work address. on a next day service Do this extremely often and it runs like clockwork.

However with City Link, 2 attempts to deliver at 5pm and then just got them on the third day 5 minutes before closing.

I hope they all suffer.


You're joking right?
 
you don't think if you run a business into the ground that you should be responsible for all debts? always the little people at the end of the line waiting to collect as well the ones that get hurt the most.

rich people just seem to brush it off like nothing happens.

#unfair society

I wonder how many people are about to lose their houses out of those 2700 because they are skint after Christmas with no job security like they thought

but the owner gets to walk away

you said company... and no you're not personally responsible for the debts - that is how limited liability works whether it is your e-bay shop or city link

owning shares in a company, in itself, doesn't make you personally liable for everything that goes wrong with that company - you stand to lose your investment, that is all
 
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