The parcel delivery giant secured the deal amid reports last week it was lining up potential administrators in case a takeover could not be agreed. Today, Yodel said it was acquired by a new consortium, called YDLGP, which includes Jacob Corlett, the founder of logistics firm Shift, and investment bank Solano Partners.
 
Mark Todd - Usdaw National Officer says: “We are aware of the sale of Yodel and welcome the initial indication that this will safeguard jobs. Usdaw and the other recognised trade unions are now seeking talks with Yodel and the new owners YDLGP to ensure that our members terms and condition are protected. In the meantime, we are providing our members with the support, advice and representation they need through this process.”
 
Notes for editors:
 
Usdaw (Union of Shop, Distributive and Allied Workers) is one of the fastest growing unions in the TUC and the UK's fifth biggest trade union with around 360,000 members. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemical industry and other trades www.usdaw.org.uk

For Usdaw press releases visit: http://www.usdaw.org.uk/news and you can follow us on Twitter @UsdawUnion