Fastway Couriers' parent company is pointing to inflation, rising costs, and market pressure.
A significant number of people in the Midlands are facing job losses as Fastway Couriers parent company enters receivership.
Around 300 direct jobs are at risk due to the impending move from Nuvion Group.
The company, which includes Fastway Couriers, Parcel Connect and Nügo, has ceased trading.
Hundreds more subcontractor and franchisee roles could also be affected.
Nuvion blames inflation, rising costs and market pressures for its collapse, as receivers have been appointed.
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