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Privatised Royal Mail axes 1,600 jobs
Workers to be chucked on scrapheap to drive up profits
Bosses announced 1,600 job losses at newly privatised Royal Mail yesterday in a bid to drive up profits.
Royal Mail, which was publicly owned until last October, said axing the posts was part of a plan to cut spending by £50 million a year.
It claimed that 300 other positions would be created and the cuts wouldn't affect sorting and delivery workers.
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