Workers facing redundancy from collapsed courier firm City Link were offered hope today after it was claimed there had been a "credible bid" to save part of the business.
Staff at the company, many of whom learnt of its collapse on Christmas Day, have been warned to expect "substantial redundancies" among its 2,727-strong workforce.
But they were offered a small degree of hope after Mick Cash, general secretary of the RMT union, disclosed unconfirmed details of a possible rescue, with Business Secretary Vince Cable said to be aware of developments.
Mr Cable's department said queries about the potential bid should be made to administrators at EY. EY did not immediately have a response to the RMT's claim.