Royal Mail is set to reduce 2,500 head office and support jobs, impacting about 2% of its workforce, through voluntary redundancies and staff departures. The move aims to save £100 million by the end of 2027.
- Published
Postal service firm Royal Mail has announced plans to cut 2,500 head office and other support jobs by the end of 2027.
Frontline postal workers - posties and drivers - are not part of the proposed restructuring.
The cuts will represent about 2% of the 131,000-strong workforce.
Royal Mail said the cuts, which are designed to improve efficiency, will be achieved through voluntary redundancies and people leaving the company.
The Indian Cricket Board's Centre of Excellence (CoE) treated 32 top cricketers, including 20 centrally contracted players and 12 targeted/India 'A' category players, during the fiscal year 2025-2026. The CoE's budget was increased by nearly Rs 35 crore compared to the actual expenses in the previous financial year. The CoE's projected expenses for 2026-27 now stand at Rs 127 crore, compared to Rs 92 crore in actual expenses last year. The majority of injuries were soft-tissue injuries. The report also mentions th…
The decline in oil prices is attributed to easing supply concerns following US President Trump's comments on Iran talks, which have reduced the likelihood of an immediate US-Iran conflict. Brent crude futures fell 72 cents, or 0.7%, to $103.53 a barrel, while US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97. Despite a slight weekly decline in WTI, Brent prices are expected to rise due to ongoing US economic pressure on Iran and the impact of hurricanes on oil production.
Porsche Experience Centre Singapore, set to open in April 2027, will be the first permanent handling track in Singapore, featuring a dedicated track layout for Porsche 911 GT3s and showcasing the brand's latest models and motorsport heritage. The centre, located minutes from Changi Airport, will create new jobs and is expected to attract significant investment for Singapore.