is set to announce 40,000 job cuts over the next three years, according to reports.
company, previously named the Post Office, has already announced that 15,000
jobs are to go, the majority from its loss-making Parcelforce Worldwide
the start of a major re-organisation of the service, Consignia chairman Allan
Leighton said: "Consignia is in a perilous position, losing more than
£1.5m every day. Parcelforce Worldwide is losing £15m a month as we have failed
to reduce our costs fast enough as business has declined. We need to renew our
operations and halt the financial losses which put key services at risk."
said the measures are just the start of still to be announced sweeping changes,
which he hopes can save the company £1.2bn a year.
said the 15,000 job cuts already announced will happen over the next three
years – and include an anticipated natural turnover of about 2,000 people.
BBC claims the final total of redundancies will account for almost a fifth of
the former Post Office’s workforce. It said Consignia is also likely to close
more than 3,000 urban post offices and change its name back to the Royal Mail.
say there could be strikes if the company uses compulsory redundancies to make