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UK postal operator Royal Mail cuts 2,000 jobs

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 …

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Royal Mail Axes Dividend for This Year

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 …

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