Royal Mail is to cut 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis.
The cuts, about a fifth of the company’s management roles, aim to save about £130m in costs from next year.
Royal Mail said the pandemic accelerated the trend of more parcels and fewer letters being sent, and it had not adapted quickly enough to that.
The company’s challenges have included former boss Rico Back making a surprise exit from the business in May.
The job losses will hit senior roles hardest, with half of them set to go, and will