Royal Mail lay-offs to deliver £40m annual savings | Business

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 …

Read More »

Royal Mail leads FTSE 100 rebound as it cuts 700 jobs

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 …

Read More »

Royal Mail to axe 700 jobs in overhaul that will hit profits

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 …

Read More »