Tag: UK

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.

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Post Union cuts funds to Labour by third

THE Communication Workers’ Union is to cut its donations to the Labour Party. Billy Hayes, the general secretary, said yesterday it would cut its funding by pounds 500,000 over the next three years, a third of the CWU’s usual donation. “Like any other organisation, we have a limited budget. We have to make decisions about how best to campaign on behalf of our members in the postal industry and in telecommunications.” The CWU, the largest postal workers’ union, has threatened strike action over plans by Consignia, formerly the Post Office, to make a further 10,000 staff redundant in addition to almost 5,000 job losses announced earlier this year.

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Fedex in top 100 companies to work for

Parcel delivery specialist Fedex is the only transport and distribution company to appear in the Sunday Times ‘100 Best Companies to Work For‘. The firm was short listed because of its emphasis on putting staff at the forefront of its policies.

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IBM to provide new retail banking system for U.K. Post Office

Post Office Ltd has awarded IBM a $71 million contract to design, build and manage a new e-business infrastructure which will transform Post Office counter systems, connecting them to major banks and its own new Card Account.
Customers will be able to use their local Post Office to access bank accounts and withdraw benefits and new tax credits such as pensions and child tax credits. This is particularly important in remote or rural areas where people may not have easy access to the cash machines or bank branches.

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