Royal Mail’s newest replace confirmed the agency is continuous to drive efficiencies with plans to chop an additional 700 administration jobs.
“The decline in parcel volumes year-on-year is simply to be anticipated given robust comparative figures to beat as a yr earlier practically all retail shops had been shuttered due to Covid restrictions, which means demand for on-line orders soared.
“Maybe extra essential is the actual fact the corporate maintained its share of a extremely aggressive market and it stays assured that, as we emerge from the pandemic, the quantity of parcels being despatched will stay completely increased, due to a structural shift in the best way individuals purchase items.
“It’s not all constructive information. Royal Mail has seen a considerable improve within the variety of complaints as deliveries have confronted large delays in current weeks.
“In equity a minimum of a few of this may be attributed to an element solely out of its management because the Omicron variant left a lot of its employees sick and unable to work.
“In streamlining the enterprise, Royal Mail wants to make sure it doesn’t go too far and diminish its operational functionality or spark widespread industrial motion, the specter of which has hung over the enterprise prior to now.
“Exterior of the UK, Royal Mail’s GLS worldwide parcel courier division continues to make stable progress, and maybe in some unspecified time in the future options that this a part of the group is perhaps spun off might be revived.”