Royal Mint laying off 80 employees

[pmbug]

A number of employees at the Royal Mint in Llantrisant will lose their jobs as part of a strategy to secure its future.

It is understood about 80 roles are affected at the Rhondda Cynon Taf site, with mostly central support roles impacted.

In a statement, the company confirmed it is consulting with a number of employees as "part of a strategy to secure the long-term future of The Royal Mint".
...

Royal Mint: Redundancies confirmed at Llantrisant site

It is understood about 80 roles are affected as part of a strategy to secure the site's future.

www.bbc.co.uk

It's not clear what the real reason for the layoffs is. Are they downsizing in anticipation of transitioning to a CBDC (no longer needing legal tender coin)? Are they winding down gold and silver minting operations?

 

[WinkWink]

 

[Voodoo]

Looks to me like the City of London is Kaput.