Royal Mail owner says it cannot rule out job cuts after £120m Budget hit

By Yahoo! Finance   |   1 year ago
Royal Mail owner says it cannot rule out job cuts after £120m Budget hit

International Distribution Services (IDS), parent firm of Royal Mail, faces a £120 million loss due to national insurance changes, hindering profit. Job cuts and price hikes may be considered to counter costs. IDS plans to enhance efficiency through automation.

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