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Royal Mail

Royal Mail to slash 1,600 posts in bid to trim costs

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By John Glenday, Reporter

March 25, 2014 | 1 min read

Newly privatised Royal Mail has announced its intention to cut 1,600 jobs as part of efforts to reduce management costs by as much as £50m per year.

Job losses will be primarily targeted at those in managerial positions with the Royal Mail stressing that postmen and women would be unaffected by the move with the company focussing on ‘achieving change through natural turnover, redeployment and voluntary redundancy wherever possible’.

Royal Mail chief executive Moya Greene said: "We are continuously improving our efficiency, whilst maintaining our high quality of service.

"We need to do so in order to effectively compete in the letters and parcels markets. This is the best way to ensure the continued delivery of the universal service and the good-quality jobs we provide for our people."

The losses will be partially offset by the creation of 300 new or enhanced roles and will now go out for consultation to the Communication Workers Union and Unite – which haven’t ruled out strike action.

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