Royal Mail set to cut 2,500 jobs in major shake-up – what we know

• Royal Mail has announced plans to cut up to 2,500 head office and support function roles by the end of 2027.
• The cuts form part of an organisational review aimed at adapting to a 70 per cent drop in letter volumes and growing parcel demand.
• Chief executive Alistair Cochrane stated the restructuring will remove duplication and enable further investment in customer services.
• Royal Mail, which employs around 130,000 people, stated it will work closely with trade unions throughout the process.
• The announcement comes as regulator Ofcom investigates the company over its failure to meet crucial delivery targets over the past year.

IN FULL

Royal Mail announces plans to axe up to 2,500 jobs in major review