Friday 21st Oct 2016 - Logistics Manager

UK Mail closes two depots

UK Mail has closed two depots to reduce its fixed costs, the group said in its pre-close trading statement for the six months to 30th September.

“We have taken further action to reduce the fixed costs of our business, with the closure of two depots reducing our total number of parcels/mail sites to 52, along with some restructuring in a number of other areas of our business, which we expect will result in one off costs of some £700k,” it said.

It said it expects underlying operating profit to be broadly in line with last year. “Overall performance in the first half of the year is anticipated to be in line with our expectations, with a satisfactory trading performance in the first quarter and a more challenging second quarter.”