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12/12/2003
3,000 managers to go at Royal Mail
Up to 3,000 "non-operational managers" are expected to leave Royal Mail under a voluntary redundancy programme launched by the company today.
All of the job losses will be part of the 30,000 jobs which Royal Mail has already announced will be made redundant during the company’s "three-year turnaround plan". Royal Mail expects that most of the people leaving would go by the end of the financial year in March.
The round of voluntary redundancies announced today will not affect postmen and women or other employees in operational jobs providing Royal Mail’s services to its customers, the company said.
Adam Crozier, Royal Mail’s Chief Executive, said that there was no avoiding the "harsh reality" that Royal Mail must "reduce its overheads and become more efficient to ensure a successful future".
He added: “We are conducting a series of reviews of the non-operational parts of our business to strengthen further the focus on Royal Mail’s commercial priorities.
“Inevitably, the reviews will lead to a reduction in the numbers of non-operational roles. The fairest approach, therefore, is to offer all non-operational managers the opportunity to request voluntary redundancy, even if they work in areas unaffected by change.
“However, people who want to go will not automatically be allowed to leave. Decisions will be made ultimately on what’s right for Royal Mail."
Royal Mail announced last month a £3 million profit before tax – on a turnover of more than £4 billion – for the first half of the 2003/2004 financial year.
(gmcg)
All of the job losses will be part of the 30,000 jobs which Royal Mail has already announced will be made redundant during the company’s "three-year turnaround plan". Royal Mail expects that most of the people leaving would go by the end of the financial year in March.
The round of voluntary redundancies announced today will not affect postmen and women or other employees in operational jobs providing Royal Mail’s services to its customers, the company said.
Adam Crozier, Royal Mail’s Chief Executive, said that there was no avoiding the "harsh reality" that Royal Mail must "reduce its overheads and become more efficient to ensure a successful future".
He added: “We are conducting a series of reviews of the non-operational parts of our business to strengthen further the focus on Royal Mail’s commercial priorities.
“Inevitably, the reviews will lead to a reduction in the numbers of non-operational roles. The fairest approach, therefore, is to offer all non-operational managers the opportunity to request voluntary redundancy, even if they work in areas unaffected by change.
“However, people who want to go will not automatically be allowed to leave. Decisions will be made ultimately on what’s right for Royal Mail."
Royal Mail announced last month a £3 million profit before tax – on a turnover of more than £4 billion – for the first half of the 2003/2004 financial year.
(gmcg)
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Royal Mail puts in 'poor' performance
The Royal Mail has performed poorly and is "unlikely" to meet any of the 15 minimum performance targets set out in its licence, according to the mail watchdog Postwatch. Postwatch said that Royal Mail’s third quarter performance was badly affected by unofficial industrial action, and would not meet its targets.
Royal Mail puts in 'poor' performance
The Royal Mail has performed poorly and is "unlikely" to meet any of the 15 minimum performance targets set out in its licence, according to the mail watchdog Postwatch. Postwatch said that Royal Mail’s third quarter performance was badly affected by unofficial industrial action, and would not meet its targets.
17 May 2005
Royal Mail workers benefit from record profits
Royal Mail workers are set to receive bonuses of £1,074, following the announcement of record profits of £537 million for the year 2004-05. The national mail service reported the record profits today – an increase of 144% on the £220 million profits announced in the last financial year.
Royal Mail workers benefit from record profits
Royal Mail workers are set to receive bonuses of £1,074, following the announcement of record profits of £537 million for the year 2004-05. The national mail service reported the record profits today – an increase of 144% on the £220 million profits announced in the last financial year.
02 July 2009
Royal Mail Part-Privatisation Plans Shelved
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Royal Mail Part-Privatisation Plans Shelved
Plans to part-privatise the Royal Mail have been put on hold due to the depressed state of the economy, Business Secretary Lord Mandelson has announced. The proposals were shelved as the Business Secretary confirmed the economic climate had made it impossible to find a buyer for the 30% stake.
18 May 2006
Royal Mail receives £1.75bn government funding
The Royal Mail has received a £1.75 billion package from the government in order to help plug the deficit in the pension fund and pay for modernisation.
Royal Mail receives £1.75bn government funding
The Royal Mail has received a £1.75 billion package from the government in order to help plug the deficit in the pension fund and pay for modernisation.
10 February 2006
Missing post costs Royal Mail £11.7m
Postal services watchdog, Postcomm, is proposing to fine Royal Mail £11.7m over "serious breaches" of its licence obligations to protect the mail and deliver it on time. Launched in 2004, the Postcomm review found that important features of Royal Mail's procedures were not being applied across the business.
Missing post costs Royal Mail £11.7m
Postal services watchdog, Postcomm, is proposing to fine Royal Mail £11.7m over "serious breaches" of its licence obligations to protect the mail and deliver it on time. Launched in 2004, the Postcomm review found that important features of Royal Mail's procedures were not being applied across the business.
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