City Link van
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City Link confirms closure and redundancies

Delivery firm City Link is to close with the loss of 2,356 jobs after a late bid to buy the company failed.

Administrators who took over City Link after it collapsed on Christmas Eve said the unnamed consortium's bid "offered no money up front and significantly undervalued the assets".

The BBC's Emma Simpson explains the background to the collapse.

  • 31 Dec 2014
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