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unions to crisis parcels meeting
TRADES UNION officials have been called to a meeting with the National Freight Consortium's parcels group to discuss ways of cutting the group's continuing losses.
The two parcels companies — National Carriers Parcels and Roadline — are still losing money and were described this week by parcels group managing director Bill Collins as "a cost drain" on the otherwise profitable NFC.
They lost 8:8.2m in the year to October 6 last year, and NFC chief executive Jack Mather warned shareholders in February that 960 job losses in the group would be followed by more drastic action if the Roadline loss is not cut from C4 million and NCP does not break even.
He warned then that one company might be closed or merged with the other.