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UK’s Royal Mail reveals plans to cut up to 6,000 jobs next summer


A Royal Mail Group postal worker during his delivery round in Manchester, UK

Paul Thomas | Bloomberg | beautiful pictures

Royal letter revealed plans on Friday to cut up to 6,000 jobs next summer after a summer of strikes by postal workers in the UK

“We will begin the consultation process on establishing a franchise to deal with the impact of industrial activity, delays in delivering agreed productivity improvements, and reduced parcel volumes. “, the parent corporation of Royal Mail, recently changed its name International distribution servicesaid in a release.

“Based on current estimates, around 5,000-6,000 redundancy may be required by the end of August 2023.”

The Group on Friday reported a half-year adjusted operating loss of £219 million ($247.2 million), citing around £70 million directly negatively impacted by three days of earnings. postal workers on strike.

CNBC reported last week that leaders of CWU (Communication Workers Union) spoke to Royal Mail bossesincluding CEO Simon Thompson, as the company seeks to halt another 16 days of union-threatened industrial action.

International Distribution Services is expected to post a full-year operating loss of around £350 million, including the “immediate, direct impact of eight days of industrial action that has taken place or has been communicated to the Royal Mail.” .”

This is a breaking news story and will be updated shortly.

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