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| Royal Mail set to cut 2,000 management jobs | Royal Mail set to cut 2,000 management jobs |
| (32 minutes later) | |
| Royal Mail is to cut 2,000 management jobs, about a fifth of its managers, as it struggles to deal with the effects of the coronavirus crisis. | |
| The postal service was already facing challenges before the pandemic. | The postal service was already facing challenges before the pandemic. |
| The company said the coronavirus outbreak had accelerated the trends of more parcels and fewer letters being sent. | The company said the coronavirus outbreak had accelerated the trends of more parcels and fewer letters being sent. |
| Royal Mail said it had not adapted quickly enough to that change in the market. | |
| The job cuts will mainly fall on so-called "back-office" roles, including finance, commercial and IT. | |
| Royal Mail currently has about 9,700 managers, and the job losses will hit the most senior roles hardest, with half of them set to go. | |
| Frontline postal staff are unlikely to be affected because Royal Mail needs to preserve "quality of service", a spokesman said. |