POST OFFICES are to be offered up to Pounds 70,000 to close in an effort to streamline the struggling network.
The Government is seeking European approval to offer sub-postmasters in towns and cities lucrative compensation packages in exchange for giving up their right to offer post office services.
Consignia is to reveal detailed plans within three weeks to shed up to 30,000 jobs. The redundancy programme will lead to one of the biggest culls of middle management in British corporate history. Up to 10,000 “suits” are expected to lose their jobs as part of the shake-up. The board believes that huge savings can be achieved by stripping away layers of “inefficient” middle management.
Read MorePostal services may be hit by a national strike. Almost 150,000 Royal Mail workers are to be balloted on industrial action over a pay dispute
Read MoreLast year Royal Mail posted 324 million direct mail response envelopes, 44% of which were first class. Compared to the 4.8billion items sent in total, this is good return business but year-on year this figure is remaining constant even as the industry grows.
Read MoreThe Christmas postbag increased by 50 million items this year despite the popularity of emails, Royal Mail said today.
It delivered 2.1 billion items this year, while Parcelforce Worldwide, part of Royal Mail, handled nearly 12 million packages, up by around 500,000 on last year.
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