Feeds

Staff at 4uBusiness 'leaving in droves'

Caudwell Group confirms merger plans

Designing a Defense for Mobile Applications

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. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.