Job losses at Royal Mail will be mostly felt at the Group’s operational and head office managerial level.
The company said there would be: "no impact from this initiative on frontline employees, including postmen and women, or the services Royal Mail provides to its customers."
More top news
"His fiancee gave birth this morning, of all mornings! We were scared because we've got Glastonbury tonight", said co-singer Chloe Rhodes.
Festival-goers have been enjoying the second day of the Glastonbury festival.
Soros says that the European Union will struggle through the process of Brexit, with other countries wishing to follow suit.