'Opportunistic' takeover bid for UK Royal Mail rebuffed
UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire ...
CNBC reports that Royal Mail revealed plans on Friday to cut up to 6,000 jobs by next summer following a summer of strikes by postal workers in the U.K. “We will be starting the process of consulting on rightsizing the business in response to the impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes,” Royal Mail parent company IDS said in a release.
“Based on current estimates, c.5,000-6,000 redundancies may be required by end of August 2023.”
The announcement was included in a trading update released today by the company – it can be found here.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
The rise and rise of China's ecommerce platforms
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
DSV chief reticent on Schenker: the focus on growing market share
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article