Horse Remedy for the British Post Office.
The International Distributions Services group, which is the parent company of Royal Mail, has announced that it is considering up to 10,000 job cuts by next August, knowing that the company employs 137,000 people.
In addition to the drop in mail, the British Post Office is suffering
“the drop in parcel volumes”
, which had been boosted by the Covid pandemic.
Added to this are the disturbances linked to a strike movement.
These job cuts will go through a reduction in the use of temporary workers and overtime, retirements and natural departures.
But also by 5000 to 6000 redundancies.
Division of activities
The British group announced in July that it was considering splitting its activities in the United Kingdom and those of GLS, its international parcel transport branch.
He confirmed on Friday that this option was on the table.
It expects an adjusted operating loss of 219 million pounds for its lagged first half completed in September, and an annual loss of 350 million.
International Distributions Services shares fell 11.6% on Friday.
The French group La Poste is also suffering from the decline in parcel activity, after the boom in the health crisis.
Nevertheless, the French company, which is also very present internationally, has much better results.
In the first half, it generated 445 million euros in operating profit.
Chance of the calendar, La Poste announced on Friday the hiring of 3,200 letter carriers on permanent contracts in 2022, and the recruitment of 3,000 fixed-term contracts and temporary workers for the peak of Christmas deliveries.