Royal Mail to cut 700 management jobs

Royal Mail plans to cut around 700 management jobs as it simplifies its operational structures this year.

The move, part of an ongoing restructuring programme, will deliver annual savings of around £40m and incur a charge of £70m, Royal Mail said.

It is discussing the changes with trades unions representing its staff.

Royal Mail has handled increased deliveries during the pandemic but has also faced challenges with absences due to the virus.