British Post Office Owner to Cut 15,000 Jobs
Consignia, owner of the Post Office, is expected to announce a further 15,000 redundancies in May.
The move is likely to coincide with the annual results of the Post Office, which will show record losses of about UKpound 700 million. That means Consignia is losing UKpound 1.5 million a day.
The staff cuts will be in the Royal Mail division. They come on top of a similar number of redundancies at the Parcel Force operation announced last week. Those losing their jobs will include sorting staff and postmen.
