Royal Mail announce plans to cut 1,600 jobs

Royal Mail is planning to axe 1,600 jobs as part of a cost-cutting drive, the company has announced

Royal Mail
Royal Mail

Royal Mail is planning to axe 1,600 jobs as part of a cost-cutting drive, the company said today.

It said it was due to begin consultations with the Communication Workers Union and Unite over the move which will largely involve managerial positions.

The company, which controversially floated on the Stock Exchange last year, said that 300 new or enhanced positions would also be created, leaving a net reduction of 1,300 roles.

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