The trade union battling to save the jobs of delivery workers that were notified of their redundancy on Christmas Day has claimed that a "credible bid" for the company could be in the offing.
"Within the past 24 hours, RMT has been made aware of what we believe to be a credible bid to take over some or all of the City Link's trading operation," said Mick Cash, the head of RMT, the union that represents some of the workers due to be laid-off from collapsed U.K. courier firm City Link.
Cash's statement on Wednesday came after City Link notified more than 2,000 workers of impending redundancies via email on Christmas Day. The union head called on administrator E&Y to suspend the redundancy process and work to keep City Link trading as a "going concern."
E&Y was not immediately available for comment when contacted by CNBC.