The British Postal Group Royal Mailwhose activity has failed to pick up and was affected by several strikes, plans to cut 10,000 jobs until August, which could result in 6,000 layoffs, reported this Friday in a statement.
The International Distribution Services group, its parent company, said it had launched a consultation process to “adjust the size of the company.”
He claimed to act “in response to the impact of strikesthe delays in carrying out the agreed productivity improvements and the fall in parcel volume”, which had been driven by the covid-19 pandemic.
The statement specifies that there could be up to 6,000 layoffs among the 10,000 jobs that they plan to reduce.
The group forecasts an adjusted operating loss of 219 million pounds (about $247 million) for its first half, which ends in September, and an annual loss of 350 million pounds, it said.
He estimated that a series of strike days in the first six months of this financial year damaged him in an estimated amount of about 70 million pounds.
Despite having taken steps in the first half to reduce labor costs, the company has not been able to reduce costs quickly enough,” the group said.
The CWU union recently called six strike days, with two more due at the end of October, to demand better wages amid a cost-of-living crisis that has caused significant loss of purchasing power for employees across many sectors in the UK.
According to management, the CWU is threatening another 16 days of work stoppages between now and the end of December.
Thousands of workers of the postal service, which delivers letters and parcels throughout the country with their red trucks with the logo of the British crown, had already staged a strike in August after considering that the salary increase they received was insufficient to compensate for inflation that It’s already close to 10 percent.
[ad_2]
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance