Royal Mail issues warning over cuts to second-class deliveries
The International Distribution Services of the Royal Mail, the International Distribution Services (IDS) confirmed that the bending of second -class letter delivery throughout the country will be a long -lasting process for “months” for good implementation and expansion to 2026.
The announcement follows the IDS in June by the Czech billionaire Daniel Kretinsky’s EP group.
Ofcom has approved the Royal Mail to scrape the second -class Saturday Saturday and to a vocational day service since 28 July.
However, in accordance with the universal service obligation, the Royal Mail must continue its Monday-Saturday deliveries for the first-class task and ensure that second-class letters come within three working days.
Although the Royal Mail has started “detailed jobs” and “using learning from pilots” for presentation throughout the country, reforms have not yet moved beyond 35 pilot delivery offices.
Martin Seidenberg, General Manager of IDS, underlined the important difficulty of transformation by describing his commitment as a “a big task in front of us”.
He said: “We will take time to correct it.
“We owe our customers that we have not turned it back and forth.”
He added that the group said that he would always take months ”.
IDS said when the changes would be completed and which of the 1,200 delivery office would be in line for revision.
Considering the 130,000 labor force and distribution network of the group, he said, “This is a major change for us as the company and the people of the country,” he said.
Comments, despite a “competitive and challenging basis of Royal Mail, said that he returned to a underlying business profit for the first time in three years.
In the first figure set since it was taken over by the EP Group, IDS said that the Royal Mail has made the underlying earnings at the bottom of the previous year compared to £ 336 million until March 31, except for voluntary surplus costs.
However, the Royal mail, including the costs of surrounding, is still red with business losses underlying £ 8 million.
IDS said that the underlying improvement in the Royal Mail came in despite an increasingly competitive and challenging trade environment ”.
The wider group, which has the GLS parcel business, reported the basic earnings of £ 278 million against £ 28 million losses in the previous year.
Pre -tax profits reached £ 429 million from £ 114 million in 53 weeks to March 2024.
The parcel volumes in the Royal mail post boxes increased by 6 percent throughout the year, but the ongoing decline in the postal test fell by 4 percent.
The figures come after a milestone for the group that the Royal Mail has entered foreign property for the first time in its history for the first time in its history.
“There was a year of change for identities.” He said.
“The Royal Mail made a profit for the first time in three years and marked an important milestone on the return of the company.
“With IDS’s purchase by the EP Group and the decision of Universal Service Reform, it is time to take the job forward and benefit from our momentum.”
He added that he would continue to invest in the mail cabinets after the EP Group took over, increased the Royal Mail between 70 and 24,000 percent from the home by the end of August and launched his branded cabinets.
GLS continued to expand its network to more than 110,000 out -of -home access points and made the size of the GLS dressing network more than 20,000 until the end of August.
Seidenberg, “under the ownership of the EP group, to meet the changing needs of our customers around the world, we will continue to invest in the rapid expansion of our off -house network in both enterprises,” he said.
IDS left the London Stock Exchange on June 2, after it was taken over by the EP Group after the opening of the government at the end of 2024 and approved by the shareholders in April.
The new owner of the Royal Mail has issued a share of £ 1 to the British government as it was decided within the scope of the agreement.
Mr. Kretinsky, who was appointed as the new president of Royal Mail, promised to adhere to the universal service obligation after the inheritance process.
