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LONDON: Britain’s postal operator Royal Mail, whose workers have helped the nation cope with the coronavirus lockdown, said Thursday it will axe 2,000 management jobs. The former state-run company revealed a cost-cutting overhaul in its annual results that showed the COVID-19 outbreak had sparked a jump in demand for parcel …

(Reuters) – Royal Mail (RMG.L) Executive Chairman Keith Williams said on Thursday the COVID-19 pandemic has accelerated the need for a change at its UK business by three to four years as customers demand more parcels and fewer letters. In a brief interview with Reuters following the company’s financial results, …

Royal Mail (RMG) has dealt a blow to embattled income investors by suspending its dividend for this financial year as it restructures in the wake of the coronavirus crisis. Announcing the loss of 2,000 management jobs alongside its annual results, the listed postal operator said it will not pay a …

Britain’s postal operator Royal Mail, whose workers have helped the nation cope with coronavirus lockdown, is to axe 2,000 management jobs as it battles ongoing turmoil LONDON – Britain’s postal operator Royal Mail, whose workers have helped the nation cope with coronavirus lockdown, said Thursday that it will axe 2,000 …

The European Central Bank said it will offer loans to central banks outside the Eurozone. FTSE 100 eases 10 points ECB addresses possible euro liquidity issues Auto Trader slides as it reveals impact of lockdown restrictions The trading session is barely 90 minutes old and its already …

Good morning. Royal Mail is to cut about two thousand jobs as part of a drastic restructuring plan, with its UK business expected to be heavily loss-making this year. Keith Williams, the interim executive chairman, said the company had “not adapted quickly enough” to the trend in the UK of …

Deeside.com > News Posted: Thu 25th Jun 2020 Updated: Thu 25th Jun Royal Mail has said it is cutting 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis. The cuts are intended to deliver cost savings of £130m a year. Royal Mail said the …

Royal Mail will axe 2,000 management jobs as it looks to trim £130m from its wage bill, after profits slumped and the company decided not to pay a dividend next year.  The UK postal service said it was undertaking a three-step plan to address the impact of coronavirus that would …

America’s COVID numbers are rising in some states – such as Florida, Texas and California. The FTSE 100 is set to start Thursday on the back foot as global equities continue to struggle for sentiment, as international trade friction and ‘second wave’ coronavirus fears remained. CFD and spreadbetting firm IG …

Companies that hire business leaders from different industries to their own are apt to have shareholders scratching their heads. Sometimes, however, the unconventional pays off. A select few chief executives seem able to move seamlessly from one sector to the next. Adam Crozier built his career bounding from advertising (Saatchi …