Royal Mail plans to cut 700 managerial jobs and has lowered its profit outlook for the year due to the anticipated cost of the restructure. The privatised national postal operator said it hoped to simplify its operational structures to ensure an “improved focus on local performance” and “devolve more accountability …

Around 700 Royal Mail management staff are set to lose their jobs as part of cost-cutting measures, the company has announced. The delivery firm said that the move will reduce costs by around £40 million a year and will start negotiations with trade unions over job losses in the coming …

Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …

Royal Mail is expected to axe around 700 management jobs as part of cost-cutting plans, the company has announced. Bosses have said the plans will reduce costs by around £40 million a year and they will begin negotiations with unions over the proposed job losses, reports PA. The move came …

R oyal Mail staff are regarded as among the heroes of the pandemic but some of their jobs are still at risk. The privatised business said today it will axe around 700 management jobs as part of cost-cutting plans. The move will save around £40 million a year, the company …

Royal Mail announced plans to axe hundreds of jobs on Tuesday in an overhaul that will hit profits as it aims to improve performance and streamline management. Britain’s biggest delivery group plans to scrap 700 management jobs at a cost of £70m in reorganisation charges following disruption from Covid-19 that …

Royal Mail plans to cut 700 management jobs and lowered its profit outlook after a tough Christmas when deliveries were disrupted by high sickness levels caused by the spread of Omicron. The company said it had started consulting unions on the cuts, which were designed to “streamline operational management to …

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt. Public sector net borrowing, excluding state banks, …

Royal Mail plans to cut around 700 management jobs at the business as part of cost-cutting measures, the company has announced. It comes days after it emerged the firm received more than a million complaints from householders last year, the highest level for a decade. The postal service saw an …

The Royal Mail is set to cut 700 management roles throughout the UK as part of cost cutting measures. The company revealed the plans in an announcement as part of their Transformation Programme despite a surge in online shopping and deliveries during the Covid-19 pandemic. Around 439 million parcels were …