Royal Mail to cut 2,000 jobs in the UK over coronavirus crisis.

By cutting 2,000 jobs or about a fifth of the company's management roles, Royal Mail aims to save about £130m in costs from next year.

By cutting 2,000 jobs or about a fifth of the company's management roles, Royal Mail aims to save about £130m in costs from next year.Keith Williams, interim Executive Chair, Royal Mail Group, said that the company is finding it difficult to deal with the effects of the coronavirus crisis. Its UK business did not adapt quickly enough to the changes as the pandemic had accelerated the trend of more parcels and fewer letters being sent. It is implementing a three-step plan to reduce costs. He further said, the group is proposing a management restructuring plan that will impact around 2,000 jobs as it saves £130 million in staffing costs next year.

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