More than 2,000 people will lose their jobs after parcel delivery company Tuffnells went into administration.
Administrators appointed on Monday said that the Sheffield-based firm had been under financial pressure as a result of the Covid-19 pandemic, rising costs and an increasingly competitive market.
“Tuffnells is one of the UK’s most recognisable logistics companies, providing delivery services to over 4,000 businesses across the UK under its ‘The Big Green Parcel Machine’ brand,” said Rick Harrison, managing director at Interpath Advisory and joint administrator.
“Today’s news will be particularly devastating for Tuffnells’ 2,200 dedicated employees. Regrettably, with deliveries suspended and with no prospect of them resuming in the immediate term, we have had to make the majority of staff redundant.”
Tuffnells filed for administration on Friday after failing to secure additional funding.
All of the company’s transport hubs and depots have been closed until further notice. The administrators will get in touch with customers over the coming days to arrange parcel collection.
