UK Regulator Proposes Cutting Royal Mail Letter Deliveries to Three Days a Week
The proposal, aimed at saving the beleaguered company up to £650 million annually, is part of a broader discussion about the future of Royal Mail.
- Ofcom, the UK regulator overseeing the postal service, has proposed that Royal Mail could save up to £650 million ($828 million) a year if it cut letter deliveries to three days a week from the current six.
- Royal Mail's business model is becoming 'unsustainable' as people send fewer letters and receive more parcels, according to Ofcom.
- Any changes to Royal Mail’s Monday-Saturday letter delivery schedule would need to be approved by lawmakers because the company’s service obligations are set out in legislation.
- Kevin Hollinrake, the United Kingdom’s postal services minister, emphasized the importance of maintaining a six-day service, particularly for businesses that require weekend deliveries.
- Ofcom's proposals are meant to start a 'national discussion' about the future of Royal Mail, and it plans to hold events in the next few months to gather feedback.
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