Labour shadow business secretary Chuka Umunna calls for inquiry into collapse of City Link

first_imgFriday 9 January 2015 6:07 am Jessica Morris Tags: Chuka Umunna People Labour’s shadow business secretary has urged the government to initiate an inquiry into the controversial collapse of delivery giant City Link.Chuka Umunna piled pressure on the government, asking for a “full and proper inquiry” and adding “those who have lost their jobs and contractors who are owed money deserve nothing less”. Business secretary Vince Cable said an inquiry could take place, but this hinges on the outcome of an auditor’s report due in six months’ time.”Depending on what that says, we may want to initiate an investigation, but let us wait and see the findings of that,” he said.City Link announced it was making 2,300 workers redundant on New Year’s Eve after running into difficulties. Workers initially learnt their jobs were at risk through media reports on Christmas Eve.The company was initially bought by its biggest shareholder, Better Capital, for just £1 back in 2013. Nonetheless, according to auditors, their subsequent £40m investment wasn’t enough to turn it around. whatsapp Share whatsapp Labour shadow business secretary Chuka Umunna calls for inquiry into collapse of City Link Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼last_img

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