STL distribution makes 30 redundant

Written By: Lisa Campbell Publication Date: Thu, 10/03/2011 - 15:22 Christian book wholesaler STL Distribution is cutting a quarter of its 124-strong workforce following poor sales. The Carlisle-based company said 30 positions will be affected, with only around 5% of employees opting for voluntary redundancy. The business has now entered into a period of consultation with staff after a year in which the c.e.o. of John Ritchie, Ken Munro, described revenues for 2010 as "less than planned". John Ritchie bought the distribution arm of IBS-STL, which used to own Wesley Owen Bookshops, after it folded in December 2009. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-03-10 00:00:00 UTC ]
News tagged with: #poor sales #voluntary redundancy #distribution arm

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