Royal Mail has announced that around 700 of its management staff will lose their jobs as a result of the company's drive to cut costs related to the recent Omicron wave.
The British multinational postal firm anticipates that the move will reduce its costs by around £40 million a year. In the coming days, Royal Mail will start negotiating the conditions of the upcoming job losses with trade unions.
The news comes following a recent spike in Covid cases sparked by the Omicron variant, which affected the company greatly with staff absences being as high as 15,000 in early January, the Daily Record reports.
