Royal Mail to axe 3500 jobs
Royal Mail is planning to axe up to 3,500 jobs and close two mail centres under plans which are loosely referred to as 'modernising' the company.
The centres, based in East and South London are going to be closed with 750 roles jobs being lost. There'll also be a loss of 1,000 line managers through voluntary redundancies, but the Royal Mail needs to clear it with the staff unions first.
Elsewhere, 1700 head office managers have already started leaving under something called a "rationalisation programme", which sounds a bit like something from some grim Dystopian novel.
Since 2002, the Royal Mail has reduced the number of employees they have by around 65,000.
Apparently, staff have been given more bad news after being told that the value of their equity under an employee share scheme is now effectively worthless.
"With the number of postal items posted in London expected to more than halve between 2006 and 2014, it is imperative that Royal Mail continues the modernisation programme," the company said in a statement. Mark Higson, Royal Mail's managing director of operations and modernisation, said that the future of the letters and parcels business "depends on having the right number of people... as well as deploying the right technology and equipment. We are conscious of the impact today's announcement will have on our staff in London.
"It is hard to reduce job numbers at any time. We are committed to doing everything we can, in line with our agreement with the union, to make these changes on a voluntary basis."