Menu
13/06/2002
Consignia to axe 17,000 jobs as losses reach £1.1bn
Under fire UK postal group, Consignia has announced losses of £1.1bn for the latest financial year, which will mean a further 17,000 jobs are set to be shed over the next three years.
The company has also said it is to drop the name Consignia, and will revert back to the Royal Mail moniker.
This latest restructuring plan follows on from 15,000 job cuts unveiled earlier this year. However, it is unclear at present how Northern Ireland will be affected by this latest set of cuts.
In a further move the company said would save around £350 million-a-year by scrapping the second post delivery.
The company said that most of the £1.1bn loss was due to exceptional costs from its restructuring programme. But Consignia still managed to lose £318 million in day-to-day operations, which it said was equivalent to a £1.2 million loss every trading day.
Consignia said it expected to offer those workers whose jobs are to go a choice between redeployment elsewhere in the business or a voluntary redundancy package.
However, the Communication Workers Union (CWU) said it could not accept the level of job losses, saying "indiscriminate" shedding of staff could threaten the universal postal service.
(MB)
The company has also said it is to drop the name Consignia, and will revert back to the Royal Mail moniker.
This latest restructuring plan follows on from 15,000 job cuts unveiled earlier this year. However, it is unclear at present how Northern Ireland will be affected by this latest set of cuts.
In a further move the company said would save around £350 million-a-year by scrapping the second post delivery.
The company said that most of the £1.1bn loss was due to exceptional costs from its restructuring programme. But Consignia still managed to lose £318 million in day-to-day operations, which it said was equivalent to a £1.2 million loss every trading day.
Consignia said it expected to offer those workers whose jobs are to go a choice between redeployment elsewhere in the business or a voluntary redundancy package.
However, the Communication Workers Union (CWU) said it could not accept the level of job losses, saying "indiscriminate" shedding of staff could threaten the universal postal service.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
15 November 2024
Winter Vaccines: Get Boosted To Protect Yourself
The Public Health Agency (PHA) is urging eligible individuals in Northern Ireland to get their annual flu and COVID-19 vaccines as soon as possible. The agency highlights the significant benefits of vaccination in reducing severe illness and death, especially for those at high risk.
Winter Vaccines: Get Boosted To Protect Yourself
The Public Health Agency (PHA) is urging eligible individuals in Northern Ireland to get their annual flu and COVID-19 vaccines as soon as possible. The agency highlights the significant benefits of vaccination in reducing severe illness and death, especially for those at high risk.
14 November 2024
Minister Reacts To Teachers' Union Ballot Threat
Education Minister Paul Givan has responded to the announcement by several teachers' unions that they plan to ballot their members for industrial action over 2024/25 pay. Earlier this year, the Minister provided funding to successfully resolve the long-running industrial dispute over teachers' pay for 2021-24.
Minister Reacts To Teachers' Union Ballot Threat
Education Minister Paul Givan has responded to the announcement by several teachers' unions that they plan to ballot their members for industrial action over 2024/25 pay. Earlier this year, the Minister provided funding to successfully resolve the long-running industrial dispute over teachers' pay for 2021-24.
12 October 2016
Fujitsu Plans To Axe 1,800 Jobs Across The UK
Japanese electronics firm Fujitsu has announced plans which could cut up to 1,800 jobs across the UK. The company currently employs 550 people in Belfast and 250 in L'Derry, and it is understood these workers may be affected. The plan would see employees being axed in 2017.
Fujitsu Plans To Axe 1,800 Jobs Across The UK
Japanese electronics firm Fujitsu has announced plans which could cut up to 1,800 jobs across the UK. The company currently employs 550 people in Belfast and 250 in L'Derry, and it is understood these workers may be affected. The plan would see employees being axed in 2017.
31 January 2002
Delegation from Craigavon meets with Enterprise Minister
With a number of recent jobs losses in the Craigavon area, a delegation from the area met with Enterprise, Trade and Development Minister Sir Reg Empey to discuss employment problems in the area.
Delegation from Craigavon meets with Enterprise Minister
With a number of recent jobs losses in the Craigavon area, a delegation from the area met with Enterprise, Trade and Development Minister Sir Reg Empey to discuss employment problems in the area.
26 September 2001
Shorts announce further 800 jobs cut
Shorts have announced that a further 800 jobs are to go at the company’s aerospace division in Belfast. Ominously, Shorts also warned that up to 1,100 other jobs were in jeopardy unless there was an upturn in the aerospace manufacturing sector inside the next few months.
Shorts announce further 800 jobs cut
Shorts have announced that a further 800 jobs are to go at the company’s aerospace division in Belfast. Ominously, Shorts also warned that up to 1,100 other jobs were in jeopardy unless there was an upturn in the aerospace manufacturing sector inside the next few months.
-
Northern Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
