Royal Mail plans to cut jobs

Royal Mail is planning to cut 1,600 roles as part of a drive to cut costs, mainly among its head office managerial staff. The postal delivery service says the net effect will be 1,300 job losses, as it plans to create 300 new or enhanced roles at the same time. It says the cuts are part of its aim to make cost savings of £50m a year. Unite, a union which represents 7,000 Royal Mail managers, warned the cuts could spark industrial action.
Royal Mail said it would start consultations on the job cuts with both Unite and CWU on Tuesday. It emphasised that the cuts would have "no impact" on frontline employees including postmen and women, according to BBC.