British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing staff strikes that contributed to a first-half loss.
The announcement came one day after staff staged the first of 19 walkouts targeting the critical run-up to Christmas, joining several other sectors carrying out industrial action as sky-high inflation erodes the value of wages.
The planned job losses comprise almost seven percent of Royal Mail's total workforce of 150,000 people.The group suffered an operating loss of £219 million in the six months to the end of September, it added Friday. The threat of further strike action beyond Christmas"means that no certainty can be given over the full year outlook for the group as a whole", she added.
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