Royal Mail is set to cut 2,000 jobs, with chief executive Keith Williams announcing a “management restructure”.The overhaul has been implemented in a bid to slash costs in the face of the coronavirus crisis.The UK's postal service said it needed to take "immediate action" after profit before tax plunged 25% to £180m in the year to March.A further £300million is set to be axed in spending until 2022 to address the impact of coronavirus.Mr Williams said: "We're taking immediate action on costs, which will result in a £130 million saving in people costs next year and flat non-people costs, along with a reduction of around £300 million in capex (capital expenditure) across the Group over the next two years, to address the immediate impact of.
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