Royal Mail could cut up to 6,000 jobs by August next year

Royal Mail is considering cutting 10,000 jobs by August next year

It said it was targeting short-term cost savings through planned cuts of 5,000 full-time jobs by March and around 10,000 by August (Image: PA).

Royal Mail could lay off up to 6,000 workers as the delivery giant blames industrial action for huge financial losses.

The company said the move was in response to the “impact of industrial action, delays in the delivery of agreed productivity improvements and lower package volumes.”

Short-term cost savings are being sought through the planned reduction of 5,000 full-time positions by March and around 10,000 by August.

This is expected to require between 5,000 and 6,000 layoffs by August.

Royal Mail is expected to fall to an operating loss of £350million for the year after being hit by labor disputes, parent company International Distributions Services said.

The announcement of the cuts comes a day after Royal Mail workers in the Communication Workers Union (CWU) started a fresh strike in a long-running dispute over wages and working conditions.

Royal Mail CEO Simon Thompson said: “This is a very sad day. I regret that we are announcing these job cuts.

“We will do everything we can to avoid redundancies and to support all those affected.

“We announced today losses of £219m in the first half of the year. Every day of the strike weakens our financial situation.

“Regrettably, the CWU’s decision to prioritize damaging strikes over a solution increases the risk of further downsizing.”

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https://metro.co.uk/2022/10/14/royal-mail-considers-cutting-10000-jobs-by-august-next-year-17562952/ Royal Mail could cut up to 6,000 jobs by August next year

Justin Scacco

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