The parent firm of the British Royal Mail postal service announced on&nbsp;Friday that it is looking to lay off up to 10,000 employees, blaming industrial action for significant financial losses.

"Our operational full-time employee workforce will need to reduce by an estimated 10,000 by the end of August 2023," parent group International Distribution Service said in a statement.

Also read |&nbsp;<a href="https://www.wionews.com/world/reports-suggest-queen-consort-camilla-may-not-be-crowned-with-kohinoor-524967">Reports suggest Queen Consort Camilla may not be crowned with Kohinoor</a>

The message also mentioned the possibility of up to 6,000 compulsory<a href="https://www.wionews.com/india-news/indian-edtech-giant-byjus-lays-off-2500-employees-524845"> layoffs</a>.

The company said that its situation had "deteriorated due to the impact of the industrial dispute, an inability to implement the joint productivity enhancements" agreed upon with unions, and "deteriorating package quantities."

Thousands of postal workers who drive recognisable red vans with a crown insignia to carry packages and mail across the country went on strike in August after receiving a pay increase that was much below inflation.

(With inputs from agencies)

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The parent firm of the British Royal Mail postal service announced on Friday that it is looking to lay off up to 10,000 employees, blaming industrial action for significant financial losses.

The parent firm of the British Royal Mail postal service announced on Friday that it is looking to lay off up to 10,000 employees, blaming industrial action for significant financial losses. "Our operational full-time employee workforce will need to reduce by an estimated 10,000 by the end of August 2023," parent group International Distribution Service said in a statement. Also read | Reports suggest Queen Consort Camilla may not be crowned with Kohinoor The message also mentioned the possibility of up to 6,000 compulsory layoffs. The company said that its situation had "deteriorated due to the impact of the industrial dispute, an inability to implement the joint productivity enhancements" agreed upon with unions, and "deteriorating package quantities." Thousands of postal workers who drive recognisable red vans with a crown insignia to carry packages and mail across the country went on strike in August after receiving a pay increase that was much below inflation. (With inputs from agencies) WATCH WION LIVE HERE:

UK's Royal Mail seeks to slash up to 10,000 jobs; attributes losses to industrial strike

Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum. 
 
Over 650 members of the WEF from an array of fields including business, government, and academia participial in survey, and also identified extreme weather events and cybersecurity failure as key risks.

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The WEF released its annual risks report on Tuesday, and took into account the havoc wreaked by COVID-19. Lockdowns were imposed around the globe to contain the spread of the virus, but this has led to major job losses and closure of businesses.

Owing to this, the threat of civil unrest has also increased, along with unequal access to technology.

The WEF also referred to medium-term worries including debt crises, as found by the report.

Also read:&nbsp;<a href="http://13.235.153.162/world/coming-decades-will-see-unbearable-60degc-days-warns-world-economic-forum-349069" hreflang="en">Coming decades will see unbearable 60°C days, warns World Economic Forum</a>

Other long-term concerns include the use of weapons of mass destruction, along with collapses of state.

"As governments, businesses and societies begin to emerge from the pandemic, they must now urgently shape new economic and social systems that improve our collective resilience and capacity to respond to shocks while reducing inequality, improving health and protecting the planet," Saadia Zahidi, the managing director at WEF said.

Also read:&nbsp;<a href="http://13.235.153.162/world/veiled-attacks-and-glares-exchanged-between-trump-and-thunberg-at-wef-275781" hreflang="en">Veiled attacks and glares exchanged between Trump and Thunberg at WEF</a>

"The pandemic has accelerated trends that have been coming for a long time," Carolina Klint, the risk management leader of Continental Europe at the broker Marsh told Reuters.

Global leaders are set to host a virtual Davos Agenda next week. Usually, the leaders meet in January in Switzerland. This time, they will meet face-to-face in Singapore in May.

Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum.

Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum. Over 650 members of the WEF from an array of fields including business, government, and academia participial in survey, and also identified extreme weather events and cybersecurity failure as key risks. The WEF released its annual risks report on Tuesday, and took into account the havoc wreaked by COVID-19. Lockdowns were imposed around the globe to contain the spread of the virus, but this has led to major job losses and closure of businesses. Owing to this, the threat of civil unrest has also increased, along with unequal access to technology. The WEF also referred to medium-term worries including debt crises, as found by the report. Also read: Coming decades will see unbearable 60°C days, warns World Economic Forum Other long-term concerns include the use of weapons of mass destruction, along with collapses of state. "As governments, businesses and societies begin to emerge from the pandemic, they must now urgently shape new economic and social systems that improve our collective resilience and capacity to respond to shocks while reducing inequality, improving health and protecting the planet," Saadia Zahidi, the managing director at WEF said. Also read: Veiled attacks and glares exchanged between Trump and Thunberg at WEF "The pandemic has accelerated trends that have been coming for a long time," Carolina Klint, the risk management leader of Continental Europe at the broker Marsh told Reuters. Global leaders are set to host a virtual Davos Agenda next week. Usually, the leaders meet in January in Switzerland. This time, they will meet face-to-face in Singapore in May.

Epidemics, livelihood crises world's biggest risks over next 2 years: World Economic Forum

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