Feeds

Staff at 4uBusiness 'leaving in droves'

Caudwell Group confirms merger plans

Providing a secure and efficient Helpdesk

Staff at 4uBusiness have been warned they face job losses following a decision to merge the business with Phones4u, both of which are owned by telecoms entrepreneur John Caudwell.

Insiders have told The Register that staff "are leaving in droves" and that morale has hit rock bottom. They blame the impending sale of The Caudwell Group for the job losses, claiming that people are "unhappy" with the way they've been treated.

At this stage it's not known how many people are facing the axe at 4uBusiness, which employs some 400 people.

A spokesman for The Caudwell Group declined to say exactly how many jobs were under threat, but he told us the business is "under review" and that a consultation is being carried out with staff as the firm looks to merge 4uBusiness and Phones4u.

"There are lots of synergies between 4uBusiness and Phones4u and we want to capitalise on those synergies," he told us, adding that back office jobs are most likely to be targeted.

News of the job losses comes as the sale of the Caudwell empire appears to be nearing its final stages.

Caudwell flogged its fixed line phone business - Caudwell Communications - to UK ISP Pipex earlier this year, while the sale of the rest of the group - including Phones4u and mobile handset and accessories distributors 20:20 and Dextra - is reportedly just weeks away.

Earlier this month The Times reported that CVC CAPITAL and Bain Capital were "neck-and-neck in the bidding war" for Caudwell's phone empire after a third suitor dropped out.

All the reports to date have suggested Caudwell wants £1bn for his business, although there remains some doubts as to whether those in the frame are prepared to pay that much. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.