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Royal Mail’s letters division lost £120m in the last financial year against a £20m profit a year earlier, its worst performance for seven years Royal Mail has warned that it will be forced to cut up to 20,000 more jobs after revealing that it is losing more than £2m a week. Moya Greene, chief executive, said Royal Mail, which has cut 42,000 jobs since 2002, would have to become even “smaller” to …
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