Nova Poshta, the largest private postal operator of Ukraine, plans to cut about 2,900 employees by the end of 2025, which is approximately 10% of the total workforce. The company notified its creditor, the European Bank for Reconstruction and Development (EBRD), about this. informs Forbes.
“Under the existing loan, in May 2025 the company notified the bank of the planned reduction of about 2,900 employees, which is less than 10% of the total workforce. The EBRD emphasizes that the analysis of this reduction process confirmed that the client complies with the terms of the loan agreement for such collective redundancies, has provided a detailed description of the reduction process, has an effective system for submission and handling of complaints and adequately responds to them without any lawsuits, and has an effective process of engagement with the union, which is informed of a large-scale restructuring plan that will affect employees throughout 2025.” – says the message.
Currently, the company is analyzing the performance of about 7,000 office employees, half of whom may be transferred to other positions closer to operational activities or fired. In particular, the top manager who was responsible for the reputation has already left the company.
The EBRD, which in August 2024 granted Nova Poshta a loan of 70 million euros for the implementation of the investment program, is currently considering the possibility of allocating another loan of up to 50 million euros to finance part of the project for 2025-2026. The total cost of the project is estimated at 69.1 million euros.
“Nova poshta” is a leading player in the Ukrainian market of postal and logistics services. Its network includes more than 12,000 branches, 27,000 post offices, and the number of employees is about 34,000. The company serves more than 11 million customers every month. By data “Opendatabot”, in 2024 “Nova Poshta” took sixth place among the largest employers of Ukraine, employing more than 27,000 people.
The company’s financial report for the first quarter of 2025 shows that its consolidated income increased by 20.7% compared to the same period last year — up to UAH 14.33 billion. At the same time, net profit decreased by 21.4% and amounted to UAH 567.7 million. The ultimate beneficiaries of “New Post” are Volodymyr Popereshnyuk and Vyacheslav Klymov.
