Troubled Consignia to shed jobs and change name back to Royal Mail

is to shed a further 17,000 jobs after announcing yearly losses of more than a
billion pounds.

troubled firm, which is currently losing £1.2m a day, is to get rid of 30,000
jobs over the next three years to return the company to profitability.

of the second wave of job losses are due to the company scrapping second post
deliveries, which will save £350m a year.

will offer staff redeployment in other areas of the business or a voluntary
redundancy package.

restructuring will involve job losses. Making Consignia a great place to work
is a key priority. Instead of a well paid, highly motivated workforce and an
efficient operation, we have low paid employees, high operating costs and low
morale,” said Consignia chairman, Allan Leighton.

able to give our people better reward for the work that they do will lift
morale and crucially, this will boost customer service.

continued: “In addition, management mistakes have been made over a number of
years, including a failure to resolve deep-rooted industrial relations problems.” 

the end of the year the company name will also return to the Royal Mail Group.

By Paul Nelson

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