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City Link staff to hold protest outside Scottish depot City Link staff hold protest outside Scottish depot
(about 1 hour later)
Workers facing redundancy at the collapsed parcel delivery firm City Link are due to stage a demonstration outside a depot in North Lanarkshire. Workers facing redundancy at the collapsed parcel delivery firm City Link have staged a demonstration outside a depot in North Lanarkshire.
Staff learned that the company, which employs 165 people in Scotland, had gone into administration on Christmas day.Staff learned that the company, which employs 165 people in Scotland, had gone into administration on Christmas day.
Workers will gather in Motherwell on Monday morning to protest against the prospect of redundancy. Workers gathered in Motherwell on Monday morning to protest against the prospect of redundancy.
Coventry-based City Link employs 2,727 people in the UK.Coventry-based City Link employs 2,727 people in the UK.
The RMT union has said it expects more than 2,000 employees to be made redundant on New Year's Eve, with the remainder being retained to wind down the company.The RMT union has said it expects more than 2,000 employees to be made redundant on New Year's Eve, with the remainder being retained to wind down the company.
Substantial lossesSubstantial losses
Administrators Ernst & Young said that "substantial redundancies" were expected in the coming days and that it was "cautious" about the prospects of finding a buyer fro the business. Administrators Ernst & Young said that "substantial redundancies" were expected in the coming days and that it was "cautious" about the prospects of finding a buyer for the business.
City Link, which was founded in 1969, was acquired by restructuring specialist Better Capital in April 2013.City Link, which was founded in 1969, was acquired by restructuring specialist Better Capital in April 2013.
It invested £40m, but the administrators said City Link had incurred substantial losses over several years and the money could not help it turn the firm around.It invested £40m, but the administrators said City Link had incurred substantial losses over several years and the money could not help it turn the firm around.
The company has Scottish bases in Aberdeen, Edinburgh, Glasgow, Glenrothes and Motherwell.The company has Scottish bases in Aberdeen, Edinburgh, Glasgow, Glenrothes and Motherwell.