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Staff cuts ancl stamp price rises possible, says Royal Mail owner
The Guardian
|November 22, 2024
The company that owns Royal Mail is considering j ob cuts and price rises on stamps and parcels as it blames the Labour government's first budget in 14 years for adding £120m to its costs.
International Distribution Services (IDS) said the government's decision to raise employers' national insurance contributions (NICs) corn pounded challenges for the business as it faces one of the most turbulent periods in the history of its 508-yearold subsidiary, Royal Mail.
The group, which is the subject of a takeover bid, took a £134m writedown on the Value of Royal Mail and said the NICs changes would cost the business about £120m a year from 2025-26. Royal Mail is one ofthe UK's largest employers, with 130,000 staff.
Diese Geschichte stammt aus der November 22, 2024-Ausgabe von The Guardian.
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