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Posti to slash up to 236 jobs as mail volumes drop dramatically

Posti said it needs to save 150-200 million euros in the next few years.

Postinkantaja
Image: Henrietta Hassinen / Yle

Finland’s state-owned postal service Posti announced on Tuesday it will start co-operation negotiations which could result in up to 236 redundancies.

Posti said it needs to improve profitability in a competitive market where the number of delivered letters has declined by a half in a decade and deliveries of newspapers have dropped to 1950s’ levels.

The retrenchment negotiations – expected to begin in early February – would affect administrative and service personnel. In addition to the planned reductions, Posti said it would convert some permanent positions into part-time jobs and temporarily lay off service employees.

Posti expects that the volume of mail will continue to fall due to ongoing digitalisation, necessitating company savings of 150-200 million euros within the next three years. Instead of mail, Posti said it would focus on the growing markets of e-commerce and logistics services.

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