Royal Mail to axe 10,000 jobs with bosses blaming strikes for financial woes

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The Royal Mail is preparing to axe 10,000 jobs as staff walk out in strike over pay and conditions. It expects to dish out thousands of redundancies by the end of summer next year.

The postal company has announced the start of a process of consulting over “rightsizing the business in response to the impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes”.

Five-thousands full-time equivalent roles will be scrapped by March 2023, with the figure rising to 10,000 by August next year.

The Royal Mail expects this will require up to 6,000 redundancies by August.

Its announcement came after parent group International Distributions Services said the company is set to fall to a £350million operating loss for the year due to industrial action.

Mail workers who are members of the Communication Workers Union (CWU) yesterday held the first of 19 strike days amid a long dispute over pay and conditions.

The union said that around 115,000 members across the UK walked out to demand change.

The CWU commented: “The pay dispute is not complicated. Our members are striking for a pay rise that fully addresses the current cost of living.

“Our members need it, our members deserve it – the company can afford it.”

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He added that this was a “very sad day” for the company and that he felt “regret” about jobs being lost.

Mr Thompson noted: “We will do all we can to avoid compulsory redundancies and support everyone affected.

“We have announced today losses of £219 million in the first half of the year.”



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