[ad_1] (Bloomberg) — Chancellor Kwasi Kwarteng told broadcasters yesterday he is “not going anywhere.” Then, just hours later, he was going home, on a flight back to London amid reports Downing Street was preparing what could prove to be the mother of all U-turns. Amid the political drama, don’t ignore the real pain in the economy that’s underscored this morning…
[ad_1] THE UK'S ROYAL Mail is considering axing 10,000 jobs as the as the delivery giant blamed industrial action for mammoth financial losses. [ad_2] Source link
[ad_1] Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses. Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the job cut plans cannot be avoided. Royal Mail chief executive Simon Thompson…
[ad_1] Photo by Oli Scarff/Getty Images Getty Images International Distributions Services — or the stock formerly known as Royal Mail — slashed its earnings forecasts for the year on Friday. This sent shares in the business tumbling 12% to 184.2p. During the six months to September the company made an adjusted operating loss of £219…
[ad_1] By Anna Cooban and Mark Thompson, CNN Business UK postal service Royal Mail said Friday that it could cut 6,000 jobs as it warned of a big loss this year, which it blamed on a wave of strikes and a decline in its parcel delivery business. About 110,000 Royal Mail staff went on strike…
[ad_1] Royal Mail workers picket outside a delivery office in Huddersfield, West Yorkshire, Britain, on Sept. 8. Royal Mail said it could cut up to 10,000 jobs in 2023. Photo by Adam Vaughan/EPA-EFE Oct. 14 (UPI) — Royal Mail, which provides mail collection and delivery services throughout Britain, said on Friday it could cut up…
[ad_1] Royal Mail was buoyed by strong parcel demand during the pandemic, but reported a heavy loss for the last six months Justin TALLIS Text size UPDATES with union, latest share price reax British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing staff…
[ad_1] Numerous strikes have taken place this year, as the Communication Workers’ Union (CWU) continue to be in dispute over pay, and cuts to workers’ terms and conditions. Speaking about the decision to strike, CWU general secretary Dave Ward said: “Nobody takes the decision to strike lightly, but postal workers are being pushed to the…
[ad_1] Royal Mail has confirmed it will reduce its workforce by 10,000 people, with 6,000 jobs being made redundant as a result, as it warned of further financial losses Royal Mal has issued a jobs warning ( Image: Anadolu Agency via Getty Images) Royal Mail has announced it will make up to 6,000 job roles…
[ad_1] London CNN Business — UK postal service Royal Mail (ROYMY) said Friday that it could cut 6,000 jobs as it warned of a big loss this year, which it blamed on a wave of strikes and a decline in its parcel delivery business. About 110,000 Royal Mail staff went on strike on Thursday to…