Royal Mail will push ahead with its transformation despite a £3.57bn takeover, said international Distributions Services PLC (LSE:IDS) CEO Martin Seidenberg, quoted in the Guardian.
The revamp, the largest in 20 years, includes halving daily UK freight flights to cut costs and carbon emissions.
This month, 11 flights were cut, with more reductions planned, saving 30,000 tonnes of CO2 annually.
The strategy includes later shift times to enable more road transport while maintaining next-day delivery targets.
Despite the uncertainty from Czech tycoon Daniel Kretinsky’s takeover, Seidenberg emphasised the company's focus on transformation and achieving net zero by 2040.