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Beneath the dramatic headline threat of 10,000 job losses in Royal Mail’s unscheduled trading update were plans that could prove to be similarly divisive. In the final passage of the update the board warned that unless a “significant” transformation was achieved, the separation of GLS, its profitable international parcels business, …

At times, the impression is that the recent wave of damaging strikes, not just at the Royal Mail, but also BT, the railways, the country’s ports, and other vital parts of the economy has been driven more by a desire among hard-left union barons to score points against a Tory …

CNBC reports that Royal Mail revealed plans on Friday to cut up to 6,000 jobs by next summer following a summer of strikes by postal workers in the U.K. “We will be starting the process of consulting on rightsizing the business in response to the impact of industrial action, delays in delivering agreed productivity …

Postal workers on strike outside Royal Mail’s Sun Street depot in Wolverhampton on Thursday Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the job cut plans cannot be avoided. Royal Mail chief executive Simon Thompson said on …

Royal Mail announced today that it will axe 10,000 full time jobs—over 6 percent of its 150,000-strong workforce across the UK. The jobs massacre was unveiled by parent group International Services Distribution and will be realised in two tranches, with 5,000 redundancies by March and a total of 10,000 by …

Published: 11:45 AM October 14, 2022 Up to 6,000 Royal Mail workers could lose their jobs, as the delivery giant blames the recent strikes on its financial losses. Royal Mail has announced that it will consult on the redundancies before August 2023.  The firm said the move is in response to the “impact of …

By Scott Kanowsky Investing.com — London-listed shares in International Distributions Services PLC (LON:IDSI) slid sharply on Friday after the British postal service unveiled plans to deeply slash jobs in an attempt to begin “rightsizing” the business in the wake of a first-half loss. In a trading update ahead of its …

Royal Mail staff across the country will walk out on two more dates this month in a row over pay and conditions. It is the latest in a series of walk-outs which were confirmed by the Communication Workers Union (CWU) last month. A strike on Thursday (October 13), was the …

Royal Mail has announced that it plans to cut up to 10,000 jobs as it warned it expects its full-year losses to hit £350million. The postal network plans to axe up to 6,000 jobs by next August as part of parts to reduce its costs but in total it wants …

Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses. Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the job cut plans cannot be avoided. Royal Mail …