Royal Mail sheds jobs after slow reaction to parcels growth


 

About 2,000 jobs are set to go at Royal Mail after it admitted it had been too slow to adapt to a huge growth in parcels. As it published its financial results for the year ending 29 March 2020, Keith Williams, interim executive chair of Royal Mail Group, said: “In recent years, our UK business has not adapted quickly enough to the changes in our marketplace of more parcels and fewer letters. “Covid-19 has accelerated those trends, presenting additional challenges.” […]