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Coronavirus: Royal Mail to cut 2,000 jobs as pandemic adds to ‘challenges’ | Business News

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Royal Mail is to cut 2,000 jobs in a restructuring prompted by the “additional challenges” of the coronavirus pandemic.

The cuts will reduce the number of UK management roles in the business, currently totalling 9,700, by around a fifth – mainly affecting the most senior leaders, whose numbers will be cut by about half.

They come just over a month after Royal Mail’s chief executive Rico Back quit with less than two years in the role.

The cuts are intended to deliver cost savings of £130m a year as the business struggles to adapt to a changes in demand accelerated by the coronavirus crisis – with more parcels but fewer letters being delivered.

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