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
600 jobs Number of planned job losses
Announcement Date
17 May 2016
Employment effect (start)
Foreseen end date
Description
It has been announced that 600 jobs are to be cut from the Post Office's cash handling operations. The cuts come after Government funding for the business has been reduced from 210 million GBP per year to 80 million GBP. Further reductions are reported to be expected. The reduction in funding means that nine of the twenty-four cash handling depots are due to close by April 2017. The sites in Preston, Stoke, Hull, Edinburgh, Inverness, Poole, Eastbourne and Dartford, as well as a coin operation at Merlin House in Birmingham are the ones which are earmarked for closure. The Unite and CWU trade unions who represent postal workers have been highly critical of the plans to cut funding and to reduce services.
Sources
17 May 2016: The Guardian
Citation
Eurofound (2016), Post Office, Internal restructuring in United Kingdom, factsheet number 87790, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87790.
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