ROYAL Mail delivery delays have continued in postcodes across the country. Eleven areas are affected today, a big improvement on 56 hampered last week – but it’s still an inconvenience for thousands. 1 Royal Mail deliveries have been delayed by postal workers self-isolating, fuel shortages and moreCredit: AFP via Getty …
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To continue reading please register or login to your OHW+ account. Three major employers have all revealed plans to restructure their management with the loss of 2,600 jobs. Royal Mail Group, which is facing severe staff absence problems and criticism around postal delays, plans to cut 700 management jobs enabling …
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Royal Mail plans to cut 700 managerial jobs in a restructuring that has forced it to lower its profit outlook for the year. The privatised national postal operator said it hoped that the move would ensure an “improved focus on local performance” and would “devolve more accountability and flexibility to …
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25 January 2022 Royal Mail is set to axe approximately 700 management jobs as part of cost-cutting plans, the company has announced. Leadership said the plans will reduce costs by around £40 million a year and they will start negotiations with unions over the proposed job losses. The move came …
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A look at the shareholders of Royal Mail plc (LON:RMG) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership. …
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London stocks had maintained gains by midday on Tuesday, having taken their opening cue from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update. The FTSE 100 was up 0.8% at 7,357.44, having slumped 2.6% on Monday amid growing tensions between Russia and …
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Royal Mail have announced they are set to cut 700 jobs from the business. The move comes 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, …
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Up to 700 jobs could go at Royal Mail as part of cost-cutting plans after Christmas postal deliveries were hit by Covid-related staff absences. The jobs news came as the organisation announced that absences peaked at 15,000 in early January as staff went off sick with Omicron. It admitted that …
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Unite the union pledged today (Tuesday 25 January) to fight plans by the Royal Mail to axe 700 managerial jobs, after a £400 million giveaway to key shareholders. Unite said its members were being made the scapegoat for the bosses’ failure to maintain deliveries during the two-year old pandemic which …
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What’s going on at Royal Mail and what do investors make of today’s profit downgrade, here we break it down. What’s happened? Royal Mail PLC (LSE:RMG) has cut its profits forecast in its UK arm this year down to £430mln from £500mln. At the same time, Royal Mail announced plans …
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