Royal Mail job cuts 'could save £50 million'

Royal Mail says it will see an overall reduction of 1,300 jobs.
Royal Mail says it will see an overall reduction of 1,300 jobs. Credit: Andrew Milligan/PA Wire

Royal Mail has said that it is starting consultations with unions to cut 1,600 jobs in a move which the company hopes will save £50 million.

In a statement Royal Mail said that around 300 "new or enhanced" roles would be created meaning a loss of 1,300 jobs.

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Royal Mail consulting on 1,600 job cuts

Royal Mail is consulting with unions on plans to cut 1,600 jobs that it hopes will save £50 million. The firm said that around 300 "new or enhanced" roles would also be created.