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BBCNEWS BBC News June 4, 2024 09:16:00

August. the postal company is blaming ongoing strike action and rising losses at the business. it says it s begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000. royal mail also said it expects its full year losses to hit £350m. the company currently employs 140,000 people. our business correspondent marc ashdown has more on this. this is a trading update today. they have delivered some bleak news. the plan is to cut between 5000 to 6000 jobs in the nearfuture. in total, they need to lose 10,000, but they are confident that 4000 of those could be from what you would call natural wastage, people leaving or retiring and not replacing them. they are blaming this partly on strike action, but they are also shifting their business model, trying to move from letters to parcel delivery. at the moment, that s not working as they were hoping. staff have of course been on a series of strikes. they ve had six days of strike action this year, the ....

Strike Action , Royal Mail , The Business , 350m , Marc Ashdown , Business Model ,

BBCNEWS BBC News June 4, 2024 08:14:00

She takes them into the next election will not waste time because it is two years on the clock is ticking until the latest possible date for an election. if you re a conservative mp with a 10,000 majority and feeling worried, you would want somebody new in stock in two years, all sorts of things can happen. you would hope something turned up. i am sure you would not waste time. 5ir turned up. i am sure you would not waste time- turned up. i am sure you would not waste time. sir steve webb, thanks for bein: waste time. sir steve webb, thanks for being with waste time. sir steve webb, thanks for being with us. up to 6,000 royal mail workers are facing redundancy by next august. the postal company is blaming ongoing strike action and rising losses at the business. it says it s begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000. royal mail also said it expects its full year losses to hit £350m. the company currently employs 140,000 pe ....

Mel Stride , Steve Webb , Royal Mail , Strike Action , The Business , 350m , Marc Ashdown ,

Intel Plans Massive Layoffs Amid Wider Market Selloff Due to US Curbs

The news comes amid a steep erosion of demand for processors for PCs and an industry-wide sell-off following a spate of new US export curbs. ....

Well Off , Nidhi Pandurangi ,

Johnson using expertise in finance, higher education to lead Kentucky State

Dr. Ronald Johnson, interim president at Kentucky State University, has a long history in finance. ....

New York , United States , Commonwealth Of Kentucky , Adelphi University , Ronald Johnson , Federal Reserve Bank , International Monetary Fund , Smith Graham Company , Kentucky State University Board Of Regents , Kentucky State University , Franklin Templeton , White House Initiative On Historically Black Colleges , Club Of Frankfort , Stanford University , Rotary Club , Historically Black Colleges , Executive Leadership Institute , Clark Atlanta University , White House Initiative , Historically Black , State University , House Bill , Federal Reserve , Smith Graham , Kentucky State , Kentucky State University Board ,

BBCNEWS World Business Report June 4, 2024 04:40:00

Seen. at the time when we borrowed the money it was affordable, but it s not so affordable, but it s not so affordable anymore. what is coin: affordable anymore. what is auoin to affordable anymore. what is going to happen. affordable anymore. what is going to happen, how - affordable anymore. what is going to happen, how will i affordable anymore. what is i going to happen, how will you absorb those costs? we going to happen, how will you absorb those costs? going to happen, how will you absorb those costs? we have had to make some absorb those costs? we have had to make some radical absorb those costs? we have had to make some radical changes, i to make some radical changes, because everything is about survival at the moment, so we have had to keep spending to a minimum, we have produced our headcount, we have shelved expansion plans and reduced some product lines and cancel all new product development and eliminated all our marketing spend, with had to make some pretty extreme ....

Expansion Plans , Uc Gas Prices , Marketing Spend , Product Development , Product Lines ,