Saturday, April 13

Day: June 25, 2020

Royal Mail to cut 2000 jobs
Featured, United Kingdom

Royal Mail to cut 2000 jobs

    Royal Mail is to cut 2,000 jobs in a management restructuring prompted by the additional challenges of the coronavirus pandemic. The cuts will reduce the number of UK management roles in the business, currently totalling 9,700, by around a fifth. They come just over a month after Royal Mail's chief executive Rico Back quit with less than two years in the role. The cuts are intended to deliver cost savings of £130m a year as the business struggles to adapt to changes in demand accelerated by the coronavirus crisis - with more parcels but fewer letters being delivered. Keith Williams, Royal Mail's interim executive chairman, said: In recent years, our UK business has not adapted quickly enough to the changes in our marketplace of more parcels and fewer letters. COVID...