Author Topic: More First Bus sales  (Read 1973 times)

Offline dennisdart

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More First Bus sales
« on: July 10, 2015, 05:08:50 PM »
Picked this up from one of the Yahoo groups, have not found the link to the official websites yet.

quote

FIRSTGROUP plc MEDIA RELEASE – FRIDAY 10 JULY 2015

FIRST AGREES SALE OF SOUTH DEVON BUSINESS TO STAGECOACH

Bus operator, First South West, today (10 July 2015) signed an agreement to sell its operations in South Devon to Stagecoach.  On completion of the sale, expected to conclude 6 September 2015, the Plymouth bus depot, outstations at Tavistock and Dartmouth and around 250 staff will transfer to Stagecoach. 

Alex Carter, Managing Director of First South West, said: “Despite the focus on services and the hard work of everyone in South Devon, unfortunately the business has underperformed for a number of years.  I’m pleased we’ve negotiated an agreement to sell and therefore help protect jobs and key services.

“The sale does not, in any way, reflect the commitment of our employees in the area who have worked tirelessly to provide the best possible service to local communities.  I’d like to thank them for their hard work and loyalty over the years.  We will be fully supporting them as they transfer to their new employer.

““We’re proud to have served the South Devon community and would like to thank passengers for travelling with First South West over the years. I can assure our customers that we will continue to run services as normal up to and including 5 September and will ensure a smooth transition.”

unquote

Offline AndrewHA

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Re: More First Bus sales
« Reply #1 on: July 10, 2015, 07:05:00 PM »
So , then , it will be Stagecoach v Go ahead Group .

We live interesting times !
Andrew HA.

Offline SURREYMAN

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Re: More First Bus sales
« Reply #2 on: July 10, 2015, 10:52:37 PM »
So , then , it will be Stagecoach v Go ahead Group .

We live interesting times !

Stagecoach & Go Ahead seem to be able to co-exist in many areas - Oxford, Tyne & Wear, Brighton, Norfolk, I suspect that competition in Plymouth might be gently scaled back, with both operators able to make a decent return.
I note that the Torpoint depot doesn't get a mention in the press release, and (unconfirmed) reports state that no vehicles will change hands, thus helping First meet the DDA deadlines.
Fingers crossed that we could see more sell-offs/close downs of other First Bus ops as they finally bite the bullet on turning First Bus into a profitable operation.

Offline AndrewHA

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Re: More First Bus sales
« Reply #3 on: July 11, 2015, 06:47:28 AM »
Yes , I agree they do co-exist well in other areas . That original comment was made "tounge in cheek " .
Andrew HA.