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BIZBBC News

Royal Mail plans to cut 2,500 jobs

Photo: BBC

Royal Mail has announced plans to cut 2,500 head office and other supporting roles by the end of 2027 as it battles competition and falling demand for letter deliveries.

The cuts at the postal service will represent about 2% of the 131,000-strong workforce.

However, frontline postal workers - posties and drivers - are not part of the proposed restructuring.

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BIZThe Guardian

McDonald’s sued for allegedly using AI tool to determine pricing for franchises

Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales information McDonald’s is facing a lawsuit in federal court over its alleged use of an AI tool to determine pricing across independent franchises, which prosecutors say violates antitrust laws and has unfairly inflated menu prices for Americans. The vast majority of McDonald’s US stores are independently owned and are said to individually decide on prices under company policy. Antitrust laws require businesses to set prices independently from their competitors,…

BIZThe Guardian

Skepticism mires Trump’s Iowa steel plant project: ‘Promises are not the same as jobs’

The project has sparked doubts over whether the plant will be built and delivered as promised, given Trump’s record Donald Trump has long sought to portray himself as a man of steel, from the White House photoshopping Trump to look like Superman, to enacting tariffs on steel and approving the sale of US Steel to Japan’s Nippon Steel with a ”golden” share given to the US government. Most recently, the Trump administration announced plans to construct the largest steel plant in the US, a $15bn plant in Lee county, Iowa, to be built by India-based Mesabi…