Closure of CBS Supplies
Meeting: 29/07/2011 - Shared Services Joint Committee (Item 7)
7 Shared Services Report regarding: Closedown of CBS Supplies 
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To consider a joint report of the Borough Treasurer and Head of Assets (Cheshire East) and the Director of Resources (Cheshire West and Chester) on the outcome of the closedown of CBS Supplies.
Additional documents:
Minutes:
Members considered a report summarising the outcome of the closedown of CBS Supplies.
The decision to cease the operation of CBS Supplies had been confirmed by the Shared Services Committee on 7th January 2011.
The financial implications for the closedown showed a net cost of £596,599. The actual redundancy, early retirement and actuarial costs were less than the original forecast of £1.085m.
CBS ceased trading on 11th February 2011.
RESOLVED
That the transition log and termination of Shared Services Agreement in respect of CBS Supplies be approved.