Royal Mail Prepares to Lay Off Thousands Due to Social Networks and Emails
According to the International Business News, the Royal Mail has been losing more than £2 million (3.23600 million U.S.) a week. The postal service has been cutting down 42,000 employees since 2002. Unfortunately, the U.K. postal service has to cut down even more employees in order to survive.
The national postal service of the United Kingdom intends to make additional job cuts in its letters division. The job cuts are due to the increase in the number of social networking sites, emails and texts. The postal service experienced a 22 percent decline in the number of letters mailed each day. That is a huge percentage drop for any company to experience.
According to the International Business News, the Royal Mail has been losing more than £2 million (3.23600
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