UK’s Royal Mail reveals plans to cut up to 6,000 jobs by next summer

Royal Mail revealed plans Friday to cut up to 6,000 jobs by next summer following a summer of strikes by postal workers in the U.K. The group on Friday reported a half-year adjusted operating loss of £219 million ($247.2 million) Royal Mail said its financial position had deteriorated due to a ‘combination of the impact of the industrial dispute, an inability to deliver the joint productivity improvements agreed with the CWU under the Pathway to Change agreement, and ongoing macroeconomic headwinds’ Royal Mail now expects to make a full-year loss of around £350 million. The CWU said Royal Mail’s financial problems were the result of ‘gross mismanagement and a failed business agenda of ending daily deliveries, a wholesale levelling-down of the terms, pay . . .