3. ROYAL MAIL TO CUT 1,600 JOBS
Recently-privatised Royal Mail has announced it will cut 1,600 jobs as part of a plan to cut costs for 2014-15 by £25m. Most of the jobs cut will be managerial, many at the company’s head office. The firm said the cuts would be 1,300 net, as it was also creating 300 new or enhanced roles, and would not hit frontline staff.