Royal Mail has asked the government if it can stop its letter deliveries on Saturdays
Simon Thompson, chief executive of Royal Mail, added: "We have always been clear we need change to survive.He added: "We would prefer to reach agreement with the Communication Workers Union but in any case we are moving ahead with changes to transform our business."A series of strikes have taken place in recent weeks and action is set to resume on Black Friday and Cyber Monday.
"That's exactly what we're seeing with Royal Mail, profits have disappeared, and recent strikes have cost the business around £100m." Costs will come in "laser sharp focus", he said, with Royal Mail already announcing plans to cut 10,000 jobs by next August.
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