Royal Mail to cut jobs, investment after profit sinks 30%

(Reuters) - Britain's Royal Mail laid out restructuring plans on Thursday that will affect around 2,000 management roles and see it save 130 million pounds in staffing costs next year as it reported a 31% fall in annual profits.The company, whose Chief Executive Officer Rico Back stepped down last month after a year of battles with unions over a 1.8 billion pound restructuring plan, said it was also cutting 300 million pounds in capital spending across the group over the next two years.