UK's Royal Mail plans up to 2,500 job cuts by end-2027
Royal Mail plans to cut up to 2,500 head office and support jobs by the end of 2027 as part of a restructuring, affecting less than 2% of its more than 131,000 employees. The company said the changes would be done through natural attrition and voluntary redundancy and would not impact frontline roles. The job cuts come as the group overhauls its operations post regulatory pressure and scrutiny over missed delivery targets.
(Adds background and details on review paragraph 2 onwards) Oct 7 (Reuters) — Royal Mail said on Wednesday it plans to cut up to 2,500 head office and support jobs by the end of 2027 as part of a restructuring, affecting less than 2% of its more than 131,000 employees. The company, part of International Distribution Services, said the changes would be done through natural attrition and voluntary redundancy and would not impact frontline roles, including posties and drivers. The job cuts come as the group overhauls its operations post regulatory pressure and scrutiny over missed delivery targets.
"These proposed changes remove duplication and allow us to invest further in the service we deliver for our customers," Chief Executive Alistair Cochrane said in a statement. Royal Mail said the review aims to speed up decision-making as it implements Universal Service reform amid a decline in letter volumes of more than 70% since their peak. The more than 500-year-old Royal Mail, whose iconic red post boxes with the Royal Crest dot Britain, said it has briefed unions the Communication Workers Union and Unite CMA, with formal consultation now underway. com;)