Royal Mail: '5,000-6,000 redundancies may be required' by August 2023

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.