The Upcoming
  • Cinema & Tv
    • Movie reviews
    • Film festivals
      • Berlin
      • Tribeca
      • Sundance London
      • Cannes
      • Locarno
      • Venice
      • London
      • Toronto
    • Show reviews
  • Music
    • Live music
  • Food & Drinks
    • News & Features
    • Restaurant & bar reviews
    • Interviews & Recipes
  • Theatre
  • Art
  • Travel & Lifestyle
  • Literature
  • Fashion & Beauty
    • Accessories
    • Beauty
    • News & Features
    • Shopping & Trends
    • Tips & How-tos
    • Fashion weeks
      • London Fashion Week
      • London Fashion Week Men’s
      • New York Fashion Week
      • Milan Fashion Week
      • Paris Fashion Week
      • Haute Couture
  • Join us
    • Editorial unit
    • Our writers
    • Join the team
    • Join the mailing list
    • Support us
    • Contact us
  • Competitions
  • Facebook

  • Twitter

  • Instagram

  • YouTube

  • RSS

Archives

Royal Mail to axe 1,600 jobs to cut costs

Royal Mail to axe 1,600 jobs to cut costs
25 March 2014
Vincent Manancourt
Avatar
Vincent Manancourt
25 March 2014

The British postal service company Royal Mail is planning to cut 1,600 managerial and head office jobs in order to deliver annual savings of £50 million.

The company said that the job losses will not affect frontline staff, only those working in managerial and head office positions.

Moya Greene, the Royal Mail chief executive said: “The cuts were necessary in order to effectively compete in the letters and parcels market, but the company would consult with the main workers’ unions over the job losses.”

The Communication Workers Union (CWU), which represents nearly 80 per cent of the Royal Mail workforce, called the cuts “deeply concerning” and Unite, a union representing 7,000 Royal Mail managers, said it was considering industrial action.

The Unite union’s Royal Mail officer Brain Scott said: “Unite is demanding a commitment to no compulsory redundancies on fair terms and an effective method for redeployment within the restructured organisation. If Royal Mail refuses we will have no alternative than to consider a ballot for industrial action.”

Royal Mail’s privatisation last October has attracted criticism after its shares surged almost 80 per cent above the initial offer price, prompting fears that it was undervalued by the government.

The company said that the job cuts will incur a charge of £100 million in 2013-14, taking its “transformation” cost to £220 million; it had originally expected a cost closer to £160 million.

Vincent Manancourt

Related Items

More in Archives

London Coffee Festival returns to the Old Truman Brewery

Rita Vicinanza
Read More

Human Rights Watch Film Festival 2014: The Beekeeper

Phoebe Person
Read More

Human Rights Watch Film Festival 2014: First to Fall

Michele Schettino
Read More

Human Rights Watch Film Festival 2014: The Mulberry House

Thoralf Karlsen
Read More

Manomai: skincare based on your blood type

Isabella Stockwell
Read More

Human Rights Watch Film Festival 2014: Before Snowfall

Lena Anayi
Read More

Bring the sunshine into your daily beauty routine with Acqua di Parma

Adrienn Bardossy
Read More

Human Rights Watch Film Festival Big Men

The editorial unit
Read More

Easy steps to get that summer beach body in no time

Paulina Siedlecka
Read More
Scroll for more
Tap
  • Popular

  • Latest

  • TOP PICKS

  • Africa Fashion at the V&A
    ★★★★★
    Art
  • Beauty and the Beast: The Musical at London Palladium
    ★★★★★
    Theatre
  • Netflix Walking Tour: From Bridgerton to The Crown, a free walking tour through the filming locations
    Cinema & Tv
  • St Vincent at the Hammersmith Apollo
    ★★★★★
    Live music
  • Minions: The Rise of Gru
    ★★★★★
    Movie review
  • The Railway Children Return
    ★★★★★
    Movie review
  • Eric Ravilious: Drawn to War
    ★★★★★
    Movie review
  • Beauty and the Beast: The Musical at London Palladium
    ★★★★★
    Theatre
  • The Terminal List
    ★★★★★
    amazon
  • Baymax!
    ★★★★★
    disney
  • The Railway Children Return
    ★★★★★
    Movie review
  • Beauty and the Beast: The Musical at London Palladium
    ★★★★★
    Theatre
  • St Vincent at the Hammersmith Apollo
    ★★★★★
    Live music
  • Netflix Walking Tour: From Bridgerton to The Crown, a free walking tour through the filming locations
    Cinema & Tv
  • Africa Fashion at the V&A
    ★★★★★
    Art
The Upcoming
Pages
  • Contact us
  • Join mailing list
  • Join us
  • Our London food map
  • Our writers
  • Support us
  • What, when, why
With the support from:
International driving license

Copyright © 2011-2020 FL Media

Human Rights Watch Film Festival 2014: Big Men | Review
Bring the sunshine into your daily beauty routine with Acqua di Parma