Less than six months after being privatised, Royal Mail has announced it is expected to cut over 1500 managerial jobs from it's Head Office in London in a bid to save the company millions of pounds.
Over the past decade the company has already axed 50,000 jobs, as a response to changes in the way we send post and the introduction of electronic mail as opposed to standard letters. Staff at Royal Mail are devastated by the latest job cuts news, and feel they are unfair and unjust. However, the firm feels the move is another way of evolving the company in order to meet postal demands and cut company costs, and would save the business an estimated £50 million per year.
The company currently employs staff in around 150,000 jobs in various roles, including administration, managerial and more. They have stated that these latest job cuts will not affect postmen and women. Although over 1500 jobs are set to be cut, the company is restructuring and has said it would also be creating 300 new job roles at the same time.
Undoubtedly these latest announcements have caused a stir with Royal Mail staff, who have threatened industrial action. The company has justified it actions by claiming the job cuts would save the business £25 million in the first year alone.
Watch this space to hear more on strike action and responses to Royal Mail job cuts.