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Evening Standard
Evening Standard
Business
Simon English

Royal Mail shares crash as City fears a big fight with unions over pay

Royal Mail is being warned it could be hit by strikes over plans to cut managers’ jobs (Rui Vieira/PA)

(Picture: PA Archive)

ROYAL MAIL today ramped up its cost cutting plans and said prices would have to rise, potentially setting itself on a collision course with already fractious staff and with the City.

Critics say its performance during lockdown was “a mirage” and that management won’t be able to reinvent the business before rivals sweep it away.

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