When Posti first began redundancy talks in January it estimated that it would have to drop 860 positions from the payroll. On Thursday the company announced that at most 181 jobs would be cut outright. Another 198 people will also be transferred to part-time work contracts.
It noted however that the head count would be further reduced by 682, as a result of the negotiations. The company said that the number of jobs slated for elimination fell with the introduction of a "New Path" programme that offers support for job retraining, employment search and entrepreneurship. Posti also said that it was able to minimise the job cuts by way of retirement and other voluntary arrangements.
Last year Posti’s revenues declined by 75 million euros compared to the previous year. It said that the number of letters and other deliveries declined by over 100 million pieces in one year.
It blamed the development on digitalisation, as pay slips, invoices, newspapers and even greeting cards are now being delivered electronically.