Royal Mail has announced plans to cut 10,000 jobs by next August, blaming ongoing strike action and rising losses at the business, the BBC reports.

The postal company said it will begin notifying workers of its plan, which includes up to 6,000 redundancies.

Apart from the redundancies, the firm will cut roles through natural attrition, for example by not replacing workers who leave.

Royal Mail also said it expects its full-year losses to hit £350m, the report said.

It said this included "the direct impact of eight days of industrial action" as well as lower volumes of parcels being posted.

But the firm warned that losses could reach as much as £450m "if customers move volume away for longer periods" following strike action.

Read more here