Royal Mail expected to reveal cost savings amid job cuts
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The City will be looking out for signs that Royal Mail has made significant cost savings following substantial job cuts when it updates the market next week. Royal Mail’s in a tricky position heading into its results Laura Hoy, Hargreaves Landsown It comes amid concerns the rising cost of living could lead to a reduction in consumer spending, so investors will be cautious they could see parcel volumes take a hit. Laura Hoy, an analyst at Hargreaves Lansdown, said: “Royal Mail’s in a tricky position heading into its results. “Now that those tailwinds have dissipated, much of the transition involves cutting costs, and Royal Mail’s biggest cost is its massive network of employees.” Ms Hoy added that investors will be looking to see that the group is on track with its planned investment into automation and that spending is not getting out of hand.
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