ROYAL Mail plans to cut 700 jobs to cut costs as part of the business start-up process.
The Postal Service announced job cuts this morning, which will affect hundreds of employees in management roles.
Royal letter said the final restructuring is expected to save around £40m a year.
Simon Thompson, chief executive officer of Royal Mail, said: “We entered formal consultation today on a management reorganization to further streamline our operations and, at the same time, improve the focus on local performance.”
He said the company had a “record” for offering to redeploy affected employees in the business or voluntarily redundancies.
Royal Mail has opened a statutory consultation with Unite, the union and the CMA service branch.
It will work with the Communications Workers Union (CWU) on this process.
Royal Mail has also published an update on the Covid absence, which has caused delays in deliveries across the country.
Sick leave peaked at 15,000 employees during Christmas and early January, representing about 12% of the company’s workforce.
“This has increased costs and impacted service quality in some areas of the country,” the Royal Mail said.
The absenteeism rate has now dropped below 10%.
Last week, yes 56 postcodes facing delivery delays according to Royal Mail service updates.
You can email sign up update to be alerted of any changes.
https://www.thesun.co.uk/money/17431038/royal-mail-cutting-700-jobs-big-shake-up/ Royal Mail is cutting 700 jobs as part of a big change