Royal Mail to cut 700 jobs in cost-cutting drive amid Omicron delivery chaos

dailyrecord.co.uk:

Around 700 Royal Mail management staff are set to lose their jobs as part of cost-cutting measures, the company has announced.

The delivery firm said that the move will reduce costs by around £40 million a year and will start negotiations with trade unions over job losses in the coming days.

It was also confirmed that the Omicron wave of Covid impacted the company greatly, with staff absences peaking at 15,000 in early January.

This resulted in delays to postal services up and down the country.Royal Mail saw revenue pick up during the Covid pandemic, with people turning to online shopping and deliveries during restrictions.