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Royal Mail and unions to hold ‘modernisation’ summit (Guardian Unlimited)

The Royal Mail is to hold a two-day summit with union leaders next month to discuss modernising the business amid reports that thousands of jobs are to be axed. The postal group is aiming to cut costs by 10% and to press ahead with a huge modernisation programme in the face of increased competition. There has been speculation that the cost-cutting could lead to 16,000 jobs being lost from a …

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