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Newly-privatised Royal Mail to cut 1,300 jobs

Britain's newly-privatised postal operator Royal Mail is to cut around 1,300 managerial and head office jobs in order to deliver annualised savings of 50 million pounds. Royal Mail, sold off last October in Britain's biggest privatisation for decades, has shed 50,000 jobs in 11 years as part of a lengthy restructuring designed to allow it to better compete in a market shifting heavily from …

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