Trading since December has been affected by staff absences caused by omicron and inflationary pressures. Royal Mail PLC (LSE:RMG) has cut its profits forecast for this year and announced plans to shed 700 managerial jobs as part of a reorganisation plan. “As a next step, subject to consultation, we intend to …
Read More »
FTSE 100 Gains as Miners, Oil Stocks, Royal Mail Rise The FTSE 100 Index rises 0.5%, oil stocks and Royal Mail gain. BP and Shell advance as the price of a barrel of Brent crude increases 0.8% to $86.96. Meanwhile, Polymetal International continues to make progress, up nearly 4% after …
Read More »
Royal Mail is set to cut 700 jobs as part of a cost-cutting measure that it hopes will save £40 million every year. A total of 700 managers are set to lose their jobs as the service begins a push to reduce middle management, cut bureaucracy, and reduce costs. Making …
Read More »
(Bloomberg) — Royal Mail Plc reported a bumper Christmas delivery season and said the impact of the omicron strain of Covid-19 on staff absences … Source link
Read More »
Royal Mail Credit: Alena Kravchenko/istock Royal Mail plans to cut around 700 manager jobs to “simplify and streamline operational structures.” In a trading update for the last three months of 2021 Royal Mail said the move would save around £40 million, with around £30 million of that in 2022-23. The …
Read More »
Over 10 areas of the country are being hit by postal delays as Royal Mail continues to battle against a number of issues. Yesterday (January 24), we bought you an update from Royal Mail which said that residents in one Hampshire area could expect delivery issues. That area, Havant, has …
Read More »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 »
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 …
Read More »
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 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 …
Read More »