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Union warns of industrial action as Royal Mail cuts 1,300 jobs

By Neil Maidment LONDON (Reuters) – Just five months after its privatisation, Britain's Royal Mail postal service has announced plans to cut a net 1,300 jobs to reduce costs, prompting a threat of industrial action from a trade union. Royal Mail, sold off last October in Britain's biggest privatisation for decades, has shed 50,000 jobs in 11 years as it tries to adapt to the rise of electronic …

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