UK's Royal Mail reveals plans to cut up to 6,000 jobs by next summer

Royal Mail revealed plans Friday to chopped up to 6,000 jobs by adjacent summertime pursuing a summertime of strikes by postal workers successful the U.K. 

"We volition beryllium starting the process of consulting connected rightsizing the concern successful effect to the interaction of concern action, delays successful delivering agreed productivity improvements and little parcel volumes," Royal Mail's genitor group, precocious renamed International Distributions Services, said successful a release.

"Based connected existent estimates, c.5,000-6,000 redundancies whitethorn beryllium required by extremity of August 2023."

The radical connected Friday reported a half-year adjusted operating nonaccomplishment of £219 cardinal ($247.2 million), citing astir £70 cardinal of nonstop antagonistic interaction from 3 days of postal idiosyncratic strikes.

CNBC reported past week that leaders of the CWU (Communication Workers' Union) were talking with Royal Mail bosses, including CEO Simon Thompson, arsenic the institution looks to avert a further 16 days of concern enactment threatened by the union.

International Distributions Services expects to marque a full-year operating nonaccomplishment of astir £350 million, including the "direct, contiguous interaction of 8 days of concern enactment which person taken spot oregon been notified to Royal Mail."

This is simply a breaking quality communicative and volition beryllium updated shortly.