It said it is a response to the ‘impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes’.
Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses.
Royal Mail chief executive Simon Thompson said on Friday that the planned redundancies are a “minimum” and more redundancies could take place if current strike action is extended. The firm said the move is in response to the “impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes”.
It said it is seeking short-term cost efficiencies through the planned reduction of 5,000 full-time equivalent roles by March and around 10,000 by August.Royal Mail is expected to fall to a £350 million operating loss for the year after being hit by industrial action, its parent group International Distributions Services said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Royal Mail announces plans at axe up to 6,000 jobsThe company blamed this projection on strike action taken by workers
Read more »
Royal Mail could axe up to 6,000 jobs by August next yearBREAKING: Royal Mail is consulting on a programme of job cuts which is expected to see around 10,000 fulltime roles axed by August next year, parent group International Distribution Services has announced.
Read more »
Royal Mail to axe up to 6,000 jobs as losses riseThe postal service blames strike action and widening losses for the mass redundancies.
Read more »
Leeds Royal Mail workers begin 19 days of walkouts - 18 other dates confirmedRoyal Mail strikes: Leeds postal workers begin 19 days of walkouts - 18 other strike dates confirmed
Read more »
Royal Mail to cut up to 6,000 jobs by next AugustROYAL Mail could cut as many as 6,000 jobs by the end of August next year. As many as 10,000 roles could be cut by the end of 2023 as the firm remains locked in a pay spat with its largest labour u…
Read more »