Menu
12/12/2001
Cash strapped Consignia set to axe 30,000 jobs
Consignia, formerly the Post Office, is set to axe around 30,000 jobs as part of cost cutting exercise aimed at getting the organisation out of its current financial difficulties.
It is unclear at present in what way Consignia’s Northern Ireland operations will be affected, but senior management have revealed that the jobs are likely to go through voluntary redundancies.
If voluntary redundancies are not forthcoming, compulsory redundancies are likely to be enforced.
However, Union leaders have reacted angrily to the decision and are threatening strike action against the decision which will eventually lead to 15 per cent of the workforce being shed over the next 18 months
Communication Workers' Union (CWU) deputy general secretary John Keggie has described the numbers as "completely unreasonable".
Only last month Consignia revealed it had lost £281 million in the six months from May to October, more than double the £113 million loss reported for the previous six months.
The company said at the time that the loss had strengthened its resolve to cut costs by £1.2 billion, or 15 per cent, over the next two years. (MB)
It is unclear at present in what way Consignia’s Northern Ireland operations will be affected, but senior management have revealed that the jobs are likely to go through voluntary redundancies.
If voluntary redundancies are not forthcoming, compulsory redundancies are likely to be enforced.
However, Union leaders have reacted angrily to the decision and are threatening strike action against the decision which will eventually lead to 15 per cent of the workforce being shed over the next 18 months
Communication Workers' Union (CWU) deputy general secretary John Keggie has described the numbers as "completely unreasonable".
Only last month Consignia revealed it had lost £281 million in the six months from May to October, more than double the £113 million loss reported for the previous six months.
The company said at the time that the loss had strengthened its resolve to cut costs by £1.2 billion, or 15 per cent, over the next two years. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
19 July 2019
Trade NI Issue Plea For Stormont Deal
A coalition of business bodies has called on Northern Ireland's political parties to reach agreement and "do the deal", as negotiations to restore power-sharing continue.
Trade NI Issue Plea For Stormont Deal
A coalition of business bodies has called on Northern Ireland's political parties to reach agreement and "do the deal", as negotiations to restore power-sharing continue.
03 May 2002
Consignia chief executive could be replaced
The Financial Times has reported that Consignia chief executive John Roberts will step down from his post as soon as the government appoints a suitable successor.
Consignia chief executive could be replaced
The Financial Times has reported that Consignia chief executive John Roberts will step down from his post as soon as the government appoints a suitable successor.
25 August 2011
€4bn Irish Trade Surplus Welcomed
It has emerged that the latest trade statistics indicating a €4.079bn seasonally adjusted trade surplus in June is the highest figure in a decade. Trade Minister Richard Bruton has welcomed the news and said that the figures show that the value of exports in June 2011 was up 5.6% compared to June 2010, at €8.343bn.
€4bn Irish Trade Surplus Welcomed
It has emerged that the latest trade statistics indicating a €4.079bn seasonally adjusted trade surplus in June is the highest figure in a decade. Trade Minister Richard Bruton has welcomed the news and said that the figures show that the value of exports in June 2011 was up 5.6% compared to June 2010, at €8.343bn.
04 August 2009
Northern Rock Rocked By Losses
A nationalised bank funded by huge amounts of taxpayers' money has reported a loss of £724.2m for the first six months of 2009. Northern Rock's losses accelerated when compared with a loss of £585.4m in the first half of last year. In stark contrast to the news yesterday that Barclay's pre-tax profits for the first six months of 2009 topped £2.
Northern Rock Rocked By Losses
A nationalised bank funded by huge amounts of taxpayers' money has reported a loss of £724.2m for the first six months of 2009. Northern Rock's losses accelerated when compared with a loss of £585.4m in the first half of last year. In stark contrast to the news yesterday that Barclay's pre-tax profits for the first six months of 2009 topped £2.
27 August 2001
BT Wireless demerger could mean jobs cuts in Republic
BT operations in the Republic of Ireland are likely to be severely hit by job losses when BT Wireless demerges from British Telecom, a report has revealed. The article, in the Sunday Business Post, revealed that up to 1,500 jobs are to go when the demerger takes place later this year.
BT Wireless demerger could mean jobs cuts in Republic
BT operations in the Republic of Ireland are likely to be severely hit by job losses when BT Wireless demerges from British Telecom, a report has revealed. The article, in the Sunday Business Post, revealed that up to 1,500 jobs are to go when the demerger takes place later this year.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
