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LTB 178/23 - Rivus Garage Closures following BT Contract Loss

No. 178/2023


10 July 2023


TO ALL BRANCHES WITH RIVUS MEMBERS


Dear Colleague


Rivus Garage Closures following BT Contract Loss


Rivus Fleet Solutions (formally BT Fleet) announced today at 4pm, the closure of forty-eight of their fifty-six garages. This follows their failure to secure alternative work in time to enable them to sustain the business until new contracts are signed and work arrives.


To date, no new contracts have been signed.


Rivus was effectively a start-up company when it purchased BT Fleet and is owned by a Venture capitalist company called Aurelius. The BT work is around 60% of Rivus’s current workload.


The BT contract has been won by an American company called Holman, which has a UK base but no garage network of its own. An urgent meeting with Holman at senior level will be sought and our aim will be to ensure that they fulfil their legal obligations to our members under TUPE legislation and provide work for those who wish to transfer to Holman.


I am looking to hold a virtual forum for branches with Rivus members either later this week or very early next week. Further details will be provided as soon as possible.


Yours sincerely

Allan Eldred

Assistant Secretary


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