The dispute with workers in the Communication Workers Union has led to 18 days of walkouts since August. Royal Mail owner International Distributions … Source link

Strike action at Royal Mail has cost the besieged postal company about £200 million, sending it to a large operating loss. International Distributions Services (IDS), the recently renamed parent company, posted operating losses at Royal Mail, its UK business, of £295 million for the first nine months of its financial …

T he owner of strike-ravaged Royal Mail today revealed the scale of the devastating impact of industrial action on its profits after strikes brought chaos to the peak Christmas parcel and card delivery season. International Distribution Services said 18 days of industrial action by postal workers —  including seven in …

Royal Mail strike action has cost business £200m as worker woes and cyber attack put boss Simon Thompson under mounting pressure Royal Mail owner IDS said 18 days of strike action had hit the group  Letter and parcel volumes down and a hefty annual loss is forecast By Jane Denton …

Royal Mail continues to make steady progress on recovering its international letter and parcel export services following a suspected LockBit ransomware attack earlier in January. Having started to despatch standard export letters, and letters and parcels from Northern Ireland into Ireland, on Thursday 19 January, the postal service now says …

ID 44176444 © Kaspars Grinvalds | Dreamstime.com The trading update of International Distributions Services (IDS) for the nine months to the end of December did very little to boost the morale of the value hunters. The holding company, whose chief trading arms are Royal Mail (RMG) and GLS, represents the dichotomy …

Royal Mail has taken a £200mn hit from strikes as it races to restore customers’ faith in its services amid an ongoing dispute with postal workers and a damaging cyber attack. The UK delivery group’s parent company, International Distribution Services, said on Thursday that 18 days of staff walkouts pushed …

Royal Mail said it had resumed overseas tracked and signed-for services to all destinations for online customers after the cyber attack by ransomware gang Lockbit, which has links to Russia. The carrier, owned by International Distribution Services, said it had “made further progress in exporting an increasing number of items …

International Distribution Services has published an update for the 9 months to end of December 2022, revealing Royal Mail’s  year to year adjusted operating loss of £295 million. Financial highlights Revenue down 12.8% year on year in the nine-month period. Performance continues to be driven by a return to structural …

Key events Filters BETA Key events (8)UK (8)TSB (3)China (3)US (3) Royal Mail restarts international deliveries following cyber-attack Royal Mail has resumed international deliveries following a damaging cyber-attack on its business, and revealed that recent strikes by postal workers cost it £200m and pushed it into a hefty operating loss. …