Type
Merger/Acquisition
Country
United Kingdom
Region
Wales;
Location of affected unit(s)
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53 - Postal and courier activities

140 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2011
Employment effect (start)
1 January 2012
Foreseen end date
30 June 2012

Description

Delivery company Yodel has announced plans to cut 140 jobs in Wales. Jobs will be affected in Cardiff, Anglesey and Carmarthenshire. These plants will be closed within the first half of 2012.

The company was formed in 2010 through an acquisition process of DHL Domestic and the cuts are therefore blamed on duplication of services in some areas. The company stated that it aims to inform staff of their options.


Sources

  • 22 November 2011: BBC News

Citation

Eurofound (2011), Yodel, Merger/Acquisition in United Kingdom, factsheet number 72775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72775.