The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.10 - Postal activities under universal service obligation
1,600 jobs Number of planned job losses
300 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76772.
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