Whistl ends home delivery service
The Dutch-owned company lost funding after the private equity arm of Lloyds decided not to invest.
Parent group PostNL said in a statement: “Following the termination of the discussions on the proposed investment in Whistl UK to fund the further rollout of its current end to end (E2E) activities, we have assessed alternative scenarios for Whistl’s E2E operations."
"Further to this assessment, it has been decided to end Whistl’s E2E operations. Whistl remains committed to further developing its successful activities in the UK, including downstream access (DSA) service, door drop media, packets & parcels and logistics."
"Whistl is in ongoing consultation with the affected employees through their union and employee representatives to minimise the impact of this decision."
This is big news, as Whistl were the second largest postal operator in the United Kingdom.
TOPICS: High Street News