More than 2,000 jobs go could as delivery giant Tuffnells has fallen into administration. Among them are those who work at the depot in Gresham Road, Nuneaton.
It has been reported by the Press Association that administrators will keep just 128 of the business’s staff after being appointed today (June 12). The Bermuda Industrial estate depot, known as the ‘Coventry depot’, is one of 33 the firm has in the UK.
Administrators at Interpath said the business has been under pressure since it was taken into independent ownership in 2020. It has been hit by Covid-19 pressures, rising costs and increased competition.
After being appointed as administrator for Tuffnells, Rick Harrison, managing director at Interpath Advisory, said: “Unfortunately, the highly competitive nature of the UK parcel delivery market, coupled with significant inflation across the company’s fixed-cost base in recent times, has resulted in the company experiencing intense pressure on cashflow.
“Today’s news will be particularly devastating for Tuffnells’ 2,200 dedicated employees. Regrettably, with deliveries suspended and with no prospect of them resuming in the immediate term, we have had to make the majority of staff redundant.
“Our utmost priority will be to provide all those impacted with every support they need in making claims to the Redundancy Payments Office and minimising disruption to customers.” Howard Smith, a colleague, added: “Customers are advised that all transport hubs and depots have been closed until further notice.
“Our team will be making contact with customers over the coming days to arrange parcel collection.” CoventryLive has contacted Tuffnells for comment.
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