Posties to face sack

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ROYAL Mail has begun talks about a near £500million cost-cutting drive that will trigger thousands of job cuts.

The company has written to staff asking if they would be willing to accept voluntary redundancy — or switch from a full-time to part-time role.

It wants to slash its budget by up to ten per cent — or £470million — a year. The move comes just weeks after Royal Mail announced its best set of results for 20 years.

The Communication Workers Union last night slammed the group and called for urgent meetings with executives.

One source said: “There’s modernising and there’s slash and burn.”

Royal Mail has axed 50,000 staff in the past seven years and has talked of the need for more cuts among its remaining 180,000 employees.

Union officials last month warned they believed up to 50,000 more workers could be laid off if the Government pushed ahead with plans for a part-privatisation.

Royal Mail last night denied claims that 16,000 jobs had already been earmarked for the axe. A spokesman said: “We have made absolutely no announcement about any job losses. But we want to work with our people so we take into account their wishes and preferences as Royal Mail continues to modernise.”

The firm said it faced “challenges” from falling mail volumes and increased competition, especially from email and the internet as broadband use expands.

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