City Link has announced 2,356 job losses after a bid to buy the bankrupt company has failed.
It means less than 300 staff will be kept on, after a majority of its employees learnt the company had gone into administration on Christmas Eve.
There is some hope for former employees of the courier company however. Another parcel delivery company is offering 100 jobs to workers made redundant due to the collapse of City Link.
APC Overnight said it would give priority to former City Link staff when filling vacancies at its national sorting centre in Cannock, Staffordshire.
The firm's chief executive Karl Brown told Associated Press that further posts may also be made available to those affected by the collapse at 115 other APC depots across the UK.
Brown said: "This is an extremely difficulty time for City Link staff members and their families.
"Following discussions with board members, we've made the decision to prioritise City Link staff for the job vacancies who have been left without a courier during the busy New Year period."
Many of City Link's staff learnt that the company was going into administration on Christmas Eve and have been told to expect "substantial redundancies" among its 2,727 workforce.