City Financier and prominent UKIP supporter Jon Moulton sacked 2,727 of his staff on Christmas Day after deciding to put City Link into administration.
Moulton didn’t even bother to tell his employees — most of them found out via the press that they will be receiving no more pay after the 31st of December.
But no-one should be surprised by Moulton’s Scrooge-like, heartless behaviour.
Moulton is a former Conservative Party donor, who decided to transfer his allegiance to UKIP after criticising Tory chancellor George Osborne for not cutting hard enough and for being too soft on austerity.
And you can expect much more of this kind of fat city cat behaviour across the country should UKIP ever manage to get its hands on the reins of power (God help us).
.
Moulton doesn’t speak for UKIP any more than Cleggy speaks for Atheists. Allegiance to one party after another means less if you were a turncoat to get there. That’s why Cameron & Osbourne are not really worried about Reckless and Carswell - Even if they keep their seats for UKIP next year - they’ll be starved of funding in their constituencies, thus ensuring they get booted out in 2020. The only way to stop that from happening, is booting the Tories out next year. Realistically, UKIP will only “deny a Conservative majority” in 2015. Our first past the post system won’t make UKIP into the power house that Front National is right now in France. On the other side of the coin - Some Libdem seats in England and Labour seats in Scotland stand to be “saved” for the same reasons…
For all we know, Moulton has merely infiltrated UKIP. What’s the point of doing what he’s done right now otherwise?
bigvern1:
Being just a “van driver.” I have worked at every one of the parcel companies at some point. City Link were by far the worst and most disorganized of them all. FACT!
Did you ever do anything for Panic Link (Lount)■■? Not Panic (Rugby)
City Financier and prominent UKIP supporter Jon Moulton sacked 2,727 of his staff on Christmas Day after deciding to put City Link into administration.
Moulton didn’t even bother to tell his employees — most of them found out via the press that they will be receiving no more pay after the 31st of December.
But no-one should be surprised by Moulton’s Scrooge-like, heartless behaviour.
Moulton is a former Conservative Party donor, who decided to transfer his allegiance to UKIP after criticising Tory chancellor George Osborne for not cutting hard enough and for being too soft on austerity.
And you can expect much more of this kind of fat city cat behaviour across the country should UKIP ever manage to get its hands on the reins of power (God help us).
.
Moulton doesn’t speak for UKIP any more than Cleggy speaks for Atheists. Allegiance to one party after another means less if you were a turncoat to get there. That’s why Cameron & Osbourne are not really worried about Reckless and Carswell - Even if they keep their seats for UKIP next year - they’ll be starved of funding in their constituencies, thus ensuring they get booted out in 2020. The only way to stop that from happening, is booting the Tories out next year. Realistically, UKIP will only “deny a Conservative majority” in 2015. Our first past the post system won’t make UKIP into the power house that Front National is right now in France. On the other side of the coin - Some Libdem seats in England and Labour seats in Scotland stand to be “saved” for the same reasons…
For all we know, Moulton has merely infiltrated UKIP. What’s the point of doing what he’s done right now otherwise?
Got absolutely nothing to do with politics. Just another case of to little profit and lots of competition.
But if you really want to see companies going ■■■■ up then put Labour back in. The bankruptcy kings.
City Financier and prominent UKIP supporter Jon Moulton sacked 2,727 of his staff on Christmas Day after deciding to put City Link into administration.
Moulton didn’t even bother to tell his employees — most of them found out via the press that they will be receiving no more pay after the 31st of December.
But no-one should be surprised by Moulton’s Scrooge-like, heartless behaviour.
Moulton is a former Conservative Party donor, who decided to transfer his allegiance to UKIP after criticising Tory chancellor George Osborne for not cutting hard enough and for being too soft on austerity.
And you can expect much more of this kind of fat city cat behaviour across the country should UKIP ever manage to get its hands on the reins of power (God help us).
.
Moulton doesn’t speak for UKIP any more than Cleggy speaks for Atheists. Allegiance to one party after another means less if you were a turncoat to get there. That’s why Cameron & Osbourne are not really worried about Reckless and Carswell - Even if they keep their seats for UKIP next year - they’ll be starved of funding in their constituencies, thus ensuring they get booted out in 2020. The only way to stop that from happening, is booting the Tories out next year. Realistically, UKIP will only “deny a Conservative majority” in 2015. Our first past the post system won’t make UKIP into the power house that Front National is right now in France. On the other side of the coin - Some Libdem seats in England and Labour seats in Scotland stand to be “saved” for the same reasons…
For all we know, Moulton has merely infiltrated UKIP. What’s the point of doing what he’s done right now otherwise?
Got absolutely nothing to do with politics. Just another case of to little profit and lots of competition.
But if you really want to see companies going ■■■■ up then put Labour back in. The bankruptcy kings.
So the bankruptcies of the past 4 years are all down to Labour 1997-2010 then, just like Cameron & Osbourne argue…?
Weak Government is the true king of bankruptcies. If assets can be stripped, and the fraud squad so emasculated that no one ever gets done for having their hands in the till - we should really be blaming the weak government that started as of Blair’s Iraq bullshine onwards to the present day.
Labour from 1997-2002 were quite strong and effective. I say that as someone who’s never voted Labour btw.
Gordon Brown got the gold sell-off wrong, and the pension grab wrong.
Osbourne has cut the wrong stuff, and told Big Business to whip their johnnies off, and spread commercial VD like it’s going out of fashion.
Vince Cable’s so-called “investigation” into what TF has happened at Citylink - won’t turn up anything of any use - that is, some hard evidence of theft and false accounting that could actually put a suit or three in jail. Where did all the subsidy money go that got pumped in after Citylink was sold for a quid last year?
…They’ve done the same thing by the looks of it, as was done to Comet. Put nothing of their own in this “Better Capital” firm, asset-stripped it, and run away with all the proceeds leaving the rest of the business saddled with debts that can merely be walked away from - such as outstanding wages, property rents, insurances, and anything else that is of no interest to asset strippers.
bigvern1:
Being just a “van driver.” I have worked at every one of the parcel companies at some point. City Link were by far the worst and most disorganized of them all. FACT!
Did you ever do anything for Panic Link (Lount)■■? Not Panic (Rugby)
I think you’ll find its more a combination of paying the van Od s way over the odds and falling parcel rates that they let the customer dictate. Yes the did have a lot go missing by the sounds of it. I don’t think its been asset stripped at all there were none to strip in the first place
The 2700 are most likely management and a small % of drivers. The real tragedy of this lot going under is close to 20k van drivers the majority of which will still have van lease insurance etc to find and most likely won’t see anything from the collapse. There’s going to be alot of bankruptcies from this unfortunately. It’ll be interesting to see what actual assets they have to strip if any at all the trunk fleet will be leased as will depots fork lifts etc . One guy Iknow us buying 2 new vans to rent out to a guy who had 5 vans in there looks like they’ll be cancelled to now
Don’t really see why his lifestyle and whether he is a Tory supported has any bearing on the decision to wind up the company.
At the end of the day City Link could have been sold years ago by Rentokil and probably would have suffered the same fate, the union is ranting that they are still a going concern which they’re not, they’re tens of millions in debt, they have a bad reputation and have lost a huge client base. That’s not something you can build back up quickly. The only thing they really have is a UK network which might be attractive to a couple of established companies but as their buildings are likely leased that isn’t something that can be sold.
Shame the driver in the paper will be at the very bottom of the list. He most likely will have to hand the van back as he will be on a fleet deal for insurance which is the only way these deals are viable
Unfortunately City Link are now no longer a going concern as their client base will have all gone en-mass literally overnight, having now found new carriers for next weeks deliveries.
moomooland: Toddy2
If you had started a dedicated thread regarding the news rather than it been lost in the Yodel one you may have been on Sky News today.
Sounds like a good enough reason to keep it under his lid
Don’t really see why his lifestyle and whether he is a Tory supported has any bearing on the decision to wind up the company.
At the end of the day City Link could have been sold years ago by Rentokil and probably would have suffered the same fate, the union is ranting that they are still a going concern which they’re not, they’re tens of millions in debt, they have a bad reputation and have lost a huge client base. That’s not something you can build back up quickly. The only thing they really have is a UK network which might be attractive to a couple of established companies but as their buildings are likely leased that isn’t something that can be sold.
Hear Hear, A bit of common sense at last, City Link could not make it work, short sharp and to the point.
Why people have to blame the government I do not know, They were not running it just as they do not run me and if I go Belly up then its my fault,.,.
bigvern1:
Being just a “van driver.” I have worked at every one of the parcel companies at some point. City Link were by far the worst and most disorganized of them all. FACT!
Did you ever do anything for Panic Link (Lount)■■? Not Panic (Rugby)
No mate. Why?
Just wondered. I worked for them for 5 years in the 90’s.
You haven’t worked at every Parcel Company then
wont see Bryan Jones pullin the DD much longer then.
Its not just their own drivers that’ll be pushed for work but all the OD’s that will prob lose a substantial amount of income too.
Perhaps we need to see the bigger picture here, and conspiracy theories - even my own - can be set aside to see the real underlying problems…
A four figure number of drivers suddenly on the market with January almost upon us…
Not good for agency land that.
There are loads and loads of unfilled “drive a van in London” jobs that no one picks up, owing to their single-digit hourly rates. If that now changes, as would be the case if people are a little “too desperate for pay packets in January” - you can be sure it’ll be reflected as “lower rates” around those agencies that have Van/Rigid driving as part of their main business - just in time to nullify the previously positive effect on rates that the implementation of the DCPC back in September had…
On another note - Does anyone else think that curtainsider double deckers might be a “flaw” in the City Link practices?
In the pallet industry for example, you’ve got people doing 60-75 hour weeks for a salary, which implies all the efficiencies are very much already priced-in - at the expense of the driving staff…
No 98% of the van drivers are subbies using livered vans the same as every on of the parcel companies including parcel force
So that leaves the agency and hgv subbies to struggles. Yes agencies can pick up slack by standing drivers down which they will do. Double deckers are used as the can get more cages on. I think its more management failing to stream line the business and virtually do the job for nothing
Uk Mail Basildon depot has been struggling to get the extra parcels out - 3 City Link Vans turned up to help out today - so that is a bit of good news for them
bigvern1:
Being just a “van driver.” I have worked at every one of the parcel companies at some point. City Link were by far the worst and most disorganized of them all. FACT!
Did you ever do anything for Panic Link (Lount)■■? Not Panic (Rugby)
No mate. Why?
Just wondered. I worked for them for 5 years in the 90’s.
You haven’t worked at every Parcel Company then
Can’t see how running double deck curtainsiders instead of box vans would make the difference. I thought they were DD boxes, in any case, as I’m sure I went out to sort the tail-lift on one once.
Seem to think the parcels were on roll cages which is a lot better organised than some of them where they’re just all slung in loose.
