The company - shedding £1million a day - said if a deal could not be struck with striking unions its duty to deliver to every address in Britain was in peril.
Royal Mail blames the impact of strikes by postmen and women and the continuing decline of its core business for the need to make swingeing cuts. It expects to report an annual operating loss of £350million-plus in days.
The Communication Workers Union, which represents 115,000 postal workers, is poised to announce multiple strike dates next month which could cause huge disruption over Easter.
A formal announcement is expected this week. It said: "It is clear Royal Mail Group is in a serious financial situation. This is as a direct result of mismanagement and recklessness at the most senior level of the company."
Bu hikaye Daily Express dergisinin March 29, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Daily Express dergisinin March 29, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
att ANGRY STEVE LAYS DOWN THE LAW
England coach not a fan of 'fundamental changes'
Raducanu now fit and firing for a new start
EMMA OUT TO SHOW INJURIES ARE THING OF PAST
Israel set to deliver Lebanon peace deal 'as a gift to Trump'
ISRAEL plans to secure a rapid ceasefire in Lebanon as a \"gift\" to incoming US President Donald Trump, officials said last night.
Families finally reunited with Korean War heroes
FAMILIES who did not know the last resting places of British troops killed in the Korean War have finally grieved at their graves 73 years on.
Lowe my life to the King and Joe Biden
A CYCLIST who suffered a cardiac arrest while out riding with friends has told how his life was saved - by Joe Biden.
wife Heir and vicar suspended by Church over links to abuser
A VICAR and her mustard heir husband have been asked to halt church activities after they were named in the abuse report that led to the Archbishop of Canterbury's resignation.
Annabel: I still sleep with Mel's scarf
ANNABEL Croft has said she sleeps with her late husband's scarf every night and still dresses to impress him.
Sadiq Khan attacked over 'sexist, racist' Trump slur
LONDON'S mayor has reignited Labour's war of words with Donald Trump by calling his policies \"sexist, racist and homophobic\".
Chancellor's idea will not make most pensions any safer
‘Were Reeves brave, she'd close defined benefit pension schemes’
King's food poverty push on working 76th birthday
KING Charles treated his 76th birthday like any other day as he highlighted the work of his food charity yesterday.