Leaders of Britain’s postal workers have threatened a national strike after the head of Consignia disclosed shock plans to axe up to 30,000 jobs over the next 18 months. Chief executive John Roberts revealed yesterday to a committee of MPs that tens of thousands of posts could be cut as the group moves to reduce costs in the face of increasing competition and huge losses.
Read MoreConsignia played down on Wednesday the prospect of up to 30,000 job cuts, as unions threatened strike action. It said that no final decision had been made, adding that it hoped any losses would come through natural wastage.
Read MoreConsignia, the postal group, yesterday signed a three-month no-strike deal with the Communication Workers’ Union, suggesting that this year’s Christmas post will escape industrial action
Read MoreConsignia, formerly known as the Post Office, said it is facing a financial crisis and will need to cut its cost base by 15 pct or 1.2 bln stg by March 2003, according to an internal memo.
The document, leaked to the Communication Workers Union, admits Consignia is moving into a loss again for only the second time in 18 years and unless “drastic action” is taken the group “will fail as a business not just this year but in following years”.
Read MoreARE WE about to witness the death, by a thousand cuts, of the Royal Mail? Yesterday Hays, the distribution and logistics company, was awarded the first licence to operate against Royal Mail. But no sooner had the regulator signed off Hays’s licence to operate business services in London, Manchester and Edinburgh than two other would-be rivals popped up – UK Mail a division of Business Post and Deya
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