UK Royal Mail may have to lay off 30,000

The British postal service, faced with losses of as much as 8 billion dollars in its pension fund, may have to dismiss up to 30,000 workers.

A study commissioned by mail regulator Postcomm and conducted by LECG found that competition and other factors have created a big shortfall in the pension fund of the Royal Mail.

Up to 30,000 post office jobs could be at risk, the study concluded.

The Royal Mail has about 165,000 employees.

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