Royal Mails profits rise by £83 million

In the last financial year, The Royal Mail has increased its profits by a staggering £83 million, a huge 26% rise to £404 million compared to the previous year. This was all parallel to the postal workers strikes that cost the company massive amounts. Another obstacle the company had to face was the falling mail volumes, with 13 million fewer letters posted every day compared to 2005. This is due to the rise in computer and telephone communications and is merely a sign of technology and modern progression in the western world.

There have been around 8,000 voluntary job cuts within this financial year, and while the profit results are good, there is a still a long way to go to further improve The Royal Mails condition throughout this crippling economic crisis.

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