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Gloucestershire Business News

Royal Mail to cut 2,000 jobs

Royal Mail is to cut 2,000 management jobs, as it struggles to deal with the continued effects of the Covid-19 pandemic.

The cuts to a fifth of management roles aim to save about £130m, as reported by the BBC. The job losses will mainly hit back-office roles, including finance, commercial and IT.

Frontline postal staff are unlikely to be affected.

Royal Mail said coronavirus has accelerated the trend of more parcels and fewer letters being sent, and it had not adapted quickly enough to respond to the change.

The company plans to make the cuts by March 2021.

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