Royal Mail takes axe to jobs after going private

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Royal Mail plans to axe 1,600 jobs under a fresh cost-cutting programme, Britain's main postal operator said on Tuesday six months after its controversial part-privatisation by the government. The company said that most of the jobs to go would be in management, with no delivery staff losing their positions. Royal Mail is shedding about 1.0 percent of its total workforce. Royal Mail chief …

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