Seventy-five jobs have been lost at a parcel hub in Newport after its company collapsed into administration. Tuffnells Parcels Express, which has 33 depots across the UK, entered administration on Monday, June 12, with more than 2,000 jobs at risk across the UK.
Administrators appointed this week said the company, which is headquartered in Sheffield and specialises in handling items of irregular dimension and weight across 160 countries, had experienced "intense pressure on cashflow" in recent weeks due to "significant inflation" and a competitive market, resulting in its collapse.
All Tuffnells deliveries have been suspended and its hubs closed until further notice, with joint administrators, Rick Harrison and Howard Smith, from Interpath Advisory, confirming that all 75 people working at its Rogerstone hub had been made redundant. The majority of Tuffnells' 2,200 staff in the UK have lost their jobs. You can get more Newport news and other story updates straight to your inbox by subscribing to our newsletters here.
