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04/10/2001
Consignia could axe further jobs over ‘financial crisis’
Consignia, the firm that operates the Royal Mail services, could be about to cut hundreds more jobs in an attempt to avoid moving into the red.
An internal memo has revealed that Consignia is to implement a strategic shake-up of operations to reduce costs by as much as £1 billion.
While an official announcement has yet to be made, Consignia has stated that it will be seeking the co-operation of trade unions over the issue during the coming weeks, with press reports estimating that 10 per cent of staff in some divisions could be made redundant.
The company has warned of an impending ‘financial crisis’ with profits during 2000 coming in £88 million under target. Consignia has cited various factors for the underperformance, including the adverse trade effect of market deregulations.
However, deputy general secretary John Keggie has commented: “The Department of Trade and Industry must ask how a business that was profitable for 20 years before commercial freedom was granted is now in such a financial mess.”
The news comes only months after Consignia axed 2,100 staff in managerial and administrative departments as part of a policy review “for managing surplus staff in a fast-moving and highly competitive world." (CL)
An internal memo has revealed that Consignia is to implement a strategic shake-up of operations to reduce costs by as much as £1 billion.
While an official announcement has yet to be made, Consignia has stated that it will be seeking the co-operation of trade unions over the issue during the coming weeks, with press reports estimating that 10 per cent of staff in some divisions could be made redundant.
The company has warned of an impending ‘financial crisis’ with profits during 2000 coming in £88 million under target. Consignia has cited various factors for the underperformance, including the adverse trade effect of market deregulations.
However, deputy general secretary John Keggie has commented: “The Department of Trade and Industry must ask how a business that was profitable for 20 years before commercial freedom was granted is now in such a financial mess.”
The news comes only months after Consignia axed 2,100 staff in managerial and administrative departments as part of a policy review “for managing surplus staff in a fast-moving and highly competitive world." (CL)
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03 May 2002
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27 May 2002
Consignia reported to be close to insolvency
Despite a radical restructuring plan, UK postal services operator Consignia is thought to be close to insolvency.
Consignia reported to be close to insolvency
Despite a radical restructuring plan, UK postal services operator Consignia is thought to be close to insolvency.
02 April 2002
Irish Trade minister welcomes Ireland's strong trade performance
Ireland's Minister for Labour, Trade and Consumer Affairs, Tom Kitt, has welcomed the positive trade performance recorded in the 2001 trade figures issued by the Central Statistics Office (CSO).
Irish Trade minister welcomes Ireland's strong trade performance
Ireland's Minister for Labour, Trade and Consumer Affairs, Tom Kitt, has welcomed the positive trade performance recorded in the 2001 trade figures issued by the Central Statistics Office (CSO).
14 June 2002
Binning of Consignia sparks call for all-island service
SDLP spokesperson on Employment, John Dallat MLA, has said the announcement by Consignia to cut 17,000 jobs UK wide was further evidence for the need to create an all-island postal service.
Binning of Consignia sparks call for all-island service
SDLP spokesperson on Employment, John Dallat MLA, has said the announcement by Consignia to cut 17,000 jobs UK wide was further evidence for the need to create an all-island postal service.
12 April 2002
Consignia request 1p increase for first and second class stamps
Consignia has set out its proposals to introduce “more competition into the mail market and raise customer service to record levels”. Part of the plan by the struggling state-owned UK postal service is to request for a one-penny increase in the price of stamps.
Consignia request 1p increase for first and second class stamps
Consignia has set out its proposals to introduce “more competition into the mail market and raise customer service to record levels”. Part of the plan by the struggling state-owned UK postal service is to request for a one-penny increase in the price of stamps.
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