The news follows a summer of strikes by postal workers in the U.K.
"Based on current estimates, c.5,000-6,000 redundancies may be required by end of August 2023."
The group on Friday reported a half-year adjusted operating loss of £219 million , citing around £70 million of direct negative impact from three days of postal worker strikes., including CEO Simon Thompson, as the company looks to avert a further 16 days of industrial action threatened by the union.
International Distributions Services expects to make a full-year operating loss of around £350 million, including the "direct, immediate impact of eight days of industrial action which have taken place or been notified to Royal Mail."
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