FILE PHOTO: Royal Mail vans are parked in the Leytonstone post office depot in London, Britain early July 6, 2017. REUTERS/Russell Boyce/File Photo
The company, whose Chief Executive Officer Rico Back stepped down last month after a year of battles with unions over a 1.8 billion pound restructuring plan, said it was also cutting 300 million pounds in capital spending across the group over the next two years. “In recent years, our UK business has not adapted quickly enough to the changes in our marketplace of more parcels and fewer letters. COVID-19 has accelerated those trends, presenting additional challenges,” Executive Chairman Keith Williams said.
Why would profit sink during pandemic Shouldn't it be quite the opposite?
and we sold it off to the usa for less then it was worth then they run it into the ground it will be gone soon and just a courier service
People are wondering to were all the jobs are going it's going to technology and so we won't have jobs at all.
Profits sink? What with my family’s addiction to buy tat off eBay, I am surprised!
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