Royal Mail Axes 2,000 Managers After Failing To Deliver On Parcels

Around 2,000 management jobs are being axed at Royal Mail as it looks to slash costs in the face of the coronavirus crisis.

- Holly Williams

The group plans to save £330million over the next two years with more than 9,700 senior executive and non-operational roles the hardest hit.

Royal Mail is one of a raft of companies in the UK to announce hefty job losses due to the pandemic, including British Gas owner Centrica and airlines EasyJet and British Airways.

Trade union Unite said the job losses are a devastating blow for staff.

Keith Williams, interim executive chairman at Royal Mail Group, said: “Our UK business has not adapted quickly enough to the changes in our marketplace of more parcels and fewer letters.

Recession

“Covid-19 has accelerated those trends, presenting additional challenges.”