The Nuneaton depot is on the Bermuda Industrial Estate.
Tuffnells Parcels Express Limited, which has a branch in Nuneaton, has appointed administrators from Interpath Advisory.
Rick Harrison, managing director at Interpath Advisory and joint administrator, said: “Today’s news will be particularly devastating for Tuffnells’ 2,200 dedicated employees. Regrettably, with deliveries suspended and with no prospect of them resuming in the immediate term, we have had to make the majority of staff redundant. Our utmost priority will be to provide all those impacted with every support they need in making claims to the Redundancy Payments Office and minimising disruption to customers.”
Interpath has confirmed that 124 people were employed at the Nuneaton branch and they have all been made redundant.
The Nuneaton depot is on the Bermuda Industrial Estate.
Inflation and a competitive market have been suggested as the reason for the company experiencing pressure on cash flow.
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