Royal Mail

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Transportation / Storage
53 - Postal and courier activities
53.1 - Postal activities under universal service obligation
53.10 - Postal activities under universal service obligation
1,600 jobs
Number of planned job losses
Job loss
300 jobs
Number of planned job creations
Job creation
Announcement Date
25 March 2014
Employment effect (start)
Foreseen end date
31 December 2015

Description

UK postal services company Royal Mail has announced plans to cut 1,600 jobs and create 300 new roles by the end of 2015. This is to affect mainly managerial, support and administrative staff.

The job cuts are part of a package to reduce costs by GBP 50 million per year, and it is expected that these cuts will reduce costs by GBP 25 million in 2014 to 2015.

The company hopes to achieve the job cuts through natural turnover, redeployment and voluntary redundancy.

Consultations with Unite and Communication Workers Union (CWU) will begin at the start of April.

In 2012, Royal Mail announced it would close three of its UK mail centers with significant job losses.

Sources

  • 25 March 2014: Royal Mail (press release)
  • 25 March 2014: BBC

Citation

Eurofound (2014), Royal Mail, Internal restructuring in United Kingdom, factsheet number 76772, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76772.