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12/12/2001
Cash strapped Consignia set to axe 30,000 jobs
Consignia, formerly the Post Office, is set to axe around 30,000 jobs as part of cost cutting exercise aimed at getting the organisation out of its current financial difficulties.
It is unclear at present in what way Consignia’s Northern Ireland operations will be affected, but senior management have revealed that the jobs are likely to go through voluntary redundancies.
If voluntary redundancies are not forthcoming, compulsory redundancies are likely to be enforced.
However, Union leaders have reacted angrily to the decision and are threatening strike action against the decision which will eventually lead to 15 per cent of the workforce being shed over the next 18 months
Communication Workers' Union (CWU) deputy general secretary John Keggie has described the numbers as "completely unreasonable".
Only last month Consignia revealed it had lost £281 million in the six months from May to October, more than double the £113 million loss reported for the previous six months.
The company said at the time that the loss had strengthened its resolve to cut costs by £1.2 billion, or 15 per cent, over the next two years. (MB)
It is unclear at present in what way Consignia’s Northern Ireland operations will be affected, but senior management have revealed that the jobs are likely to go through voluntary redundancies.
If voluntary redundancies are not forthcoming, compulsory redundancies are likely to be enforced.
However, Union leaders have reacted angrily to the decision and are threatening strike action against the decision which will eventually lead to 15 per cent of the workforce being shed over the next 18 months
Communication Workers' Union (CWU) deputy general secretary John Keggie has described the numbers as "completely unreasonable".
Only last month Consignia revealed it had lost £281 million in the six months from May to October, more than double the £113 million loss reported for the previous six months.
The company said at the time that the loss had strengthened its resolve to cut costs by £1.2 billion, or 15 per cent, over the next two years. (MB)
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