Royal Mail to slash jobs

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Royal Mail have been showing increasing signs of weakness over the last few weeks, which especially worrying to the employers of the company.
Now they are suggesting that they have plans to slash around 16,000 jobs, a huge amount of people which could have even more of a negative impact on the UK economy.

Royal Mail to slash jobs

Royal Mail plans to cut 16,000 jobs in a move that would unleash further industrial unrest on the battered economy.
The proposed losses — amounting to almost one in ten of the company’s workforce in a drive to reduce the wage bill by £470 million — come as unions also prepare to fight the introduction of a commercial partner to the business.