IDS says it could cut nearly 1,000 jobs and save £300m a year while maintaining Monday-to-Saturday first-class service
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The owner of Royal Mail has asked the industry regulator to let it reduce deliveries of second-class letters to just two or three days a week, cutting nearly 1,000 jobs and saving £300m a year in the process.
Responding to watchdog Ofcom’s consultation on reforming the universal service rules amid declining letter volumes, International Distributions Services (IDS) proposed paring back the Monday-to-Saturday second-class service to “every other weekday”.
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