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City Link collapse bosses ‘not guilty’
No duty to inform ministers as trio ‘believed sale was possible’
THREE former City Link directors were acquitted of breaching Britain’s notoriously weak labour laws yesterday after sacking thousands of staff on Christmas Day.
David Smith, Robert Peto and Thomas Wright had denied failing to notify then business secretary Vince Cable of more than 2,356 redundancies before City Link’s collapse on Christmas Eve last year.
The Department for Business Innovation and Skills (BIS) alleged that the trio should have filled in a two-page Insolvency Service form warning of “inevitable” job losses.
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