Four hundred jobs are to be lost in the West Midlands with the collapse of the Amtrak parcel delivery business, it has been confirmed.
Joint administrators Ernst & Young said that attempts to salvage the Aldridge-based company, which is owned and operated by Netfold, had failed and that the business was being wound up.
Five hundred additional jobs are also likely to go at the company’s other 35 depots around the country.
An Ernst & Young spokesman said: "The business will be wound up by the end of the week.
"So far 50 staff at the Aldridge site have been made redundant but it is likely that all employees will be made redundant by the end of the week."
The Aldridge site serves as both one of the company’s delivery hubs and its head office.
Administrators are remaining on-site in Aldridge to see what assets the company can offer.
The high cost of fuel and the squeeze on consumer spending have been blamed for the collapse of the business.
Rival operator Business Post has been appointed to deliver any outstanding parcels stranded at the various depots around the country.