Royal Mail to cut up to 2,500 jobs amid restructure and fall in letter deliveries
Summary
Royal Mail plans to cut up to 2,500 jobs as part of a company restructure due to fewer letter deliveries and strong competition. The job cuts will mainly affect office and support roles, with no planned cuts to delivery and processing staff.Key Facts
- Royal Mail will cut up to 2,500 jobs out of more than 131,000 employees.
- The cuts focus on head office and support functions, not frontline delivery or processing roles.
- Letter deliveries have dropped by over 70% since the mid-2000s.
- The company aims to complete the restructure by the end of next year.
- Job losses will happen through natural attrition and voluntary exit programs, with no forced layoffs.
- Royal Mail has been fined £37 million since 2023 for missing delivery targets set by the regulator Ofcom.
- The company wants to reduce costs and simplify processes to compete better in the market.
- CEO Alistair Cochrane said the changes will remove duplicated work and improve customer service.
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