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The Independent UK

National

Holly Williams

Royal Mail slumps to loss of more than £1bn after year of strikes

Royal Mail IDs Keith Williams CWU

PA Archive

Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion.

The group’s owner, International Distributions Services (IDS), revealed Royal Mail swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million the previous year.

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