[ad_1] Royal Mail has said that 10,000 jobs were going to be axed by August 2023 due to the ongoing worker strike and mounting losses. Currently, 6,000 people would be set aside per redundancy plans, and workers who leave would not be replaced. The expected losses are around £350 million for a year, due to…
[ad_1] Up to 6,000 redundancies expected Strikes blamed for rising losses Royal Mail has warned that it could swing to a loss of up to £450mn and be forced to axe as many as 10,000 jobs, in response to “damaging” industrial action. The postal service – which has reinvented itself as International Distributions Services (IDS)…
[ad_1] 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, remained on the table….
[ad_1] 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 Government than a duty…
[ad_1] 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 improvements and lower parcel…
[ad_1] 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 Friday that the planned…
[ad_1] 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 August 2023. The company’s…
[ad_1] 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 industrial action, delays in…
[ad_1] 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 next results on November…
[ad_1] 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 first of 19 dates…