Privatised Royal Mail axes 1,600 jobs

Workers to be chucked on scrapheap to drive up profits

Bosses announced 1,600 job losses at newly privatised Royal Mail yesterday in a bid to drive up profits.

Royal Mail, which was publicly owned until last October, said axing the posts was part of a plan to cut spending by £50 million a year.

It claimed that 300 other positions would be created and the cuts wouldn’t affect sorting and delivery workers.

Read more: Morning Star :: Privatised Royal Mail axes 1,600 jobs.