Whistl UK to end E2E operations and focus on DSA, door drop media, packets & parcels and logistics

London/The Hague - Following the termination of the discussions on the proposed investment in Whistl UK to fund the further rollout of its current end to end (E2E) activities, we have assessed alternative scenarios for Whistl’s E2E operations. Further to this assessment, it has been decided to end Whistl’s E2E operations. Whistl remains committed to further developing its successful activities in the UK, including downstream access (DSA) service, door drop media, packets & parcels and logistics.

Whistl is in ongoing consultation with the affected employees through their union and employee representatives to minimise the impact of this decision.

The financial impact of the termination of Whistl’s E2E-operations is estimated at around €25 million - €30 million. This will be recognised as one-off and will have no impact on the underlying cash operating income (UCOI) of PostNL.

Whistl is the second largest postal operator in the UK. With its highly mechanised DSA business it collects and sorts over 80 million items of mail a week, accounting for 55% of the DSA market.