Drivers' suspense
14th March 1991, Page 14
14th March 1991
Page 14
Page 14, 14th March 1991
— Drivers' suspense
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Keywords :
Corporate Finance, Buyout, Stock Market, Erf, Management Buyout, Taunton, Massachusetts, Business, Economics, Labor, Technology / Internet, Business / Finance
• Drivers at Taunton Cider are waiting to see how an impending management buyout will affect their jobs.
The company employs about 20 drivers and runs a predominantly ERF fleet comprising 16 artics and four rigids, including four contract-hire artics supplied bY Peter Lane and BRS.
Local retail deliveries are carried out by a network of 10 hauliers, using the British Rail Speedlink freight service.
Distribution manager John Farmer hopes that the company's road transport arrangements will remain virtually unchanged after the buyout.
"Our policy has always been to buy our own vehicles and trailers and employ our own drivers because we're then doing what a contract-hire company would do without taking off a profit," he says.
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John Farmer