Royal Mail unveils job losses under modernisation plans

| March 21, 2011 | 0 Comments
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The Royal Mail has today announced it will axe 1,700 jobs and close two mail centres in London under modernisation plans.

The company has deemed the job losses necessary and come on top of the 1,700 jobs already lost this year.

The latest job losses include 1,000 managers across the UK and come as the volume of mail posted in London is forecast to halve from 2006 levels in the next 3 years.

Royal Mail has been hit by a fall in demand as a growing amount of people use the e-mail to communicate.

Across the UK, the average number of items of mail posted daily has fallen by 16 million compared with five years ago.

As a result, in the last 9 years, the company has reduced headcount by 65,000.

The company also said that around half of its 64 UK mail centres that were open in 2010 could be closed down by 2016.

As the company looks to boost revenues, the price of stamps is set to increase further. The cost of a first-class stamp will rise by a record 5p to 46p, while a second-class stamp will increase by 4p to 36p.

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