It said it is a response to the ‘impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes’.
Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses.
Royal Mail chief executive Simon Thompson said on Friday that the planned redundancies are a “minimum” and more redundancies could take place if current strike action is extended. The firm said the move is in response to the “impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes”.
It said it is seeking short-term cost efficiencies through the planned reduction of 5,000 full-time equivalent roles by March and around 10,000 by August.Royal Mail is expected to fall to a £350 million operating loss for the year after being hit by industrial action, its parent group International Distributions Services said.
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