Royal Mail considers ways to replace pension plan after union backlashReutersRoyal Mail, the postal service privatised in 2013, said on Friday it was one of only a few major companies to still have staff in a defined benefit scheme, a type of pension that pays out according to workers' final salary and length of service….
Irish Independent Royal Mail share spike haunts Noonan's AIB saleIrish IndependentFormer British Prime Minister David Cameron's administration faced a storm in the aftermath of the Royal Mail's privatisation after the postal service's value rocketed. In an effort to avoid a similar problem, Minister for Finance Michael Noonan has … More: continued here
Markets Daily Royal Mail PLC 21.3% Potential Decrease Indicated by Jefferies InternationalDirectorsTalk InterviewsRoyal Mail PLC using EPIC/TICKER code LON:RMG had its stock rating noted as 'Reiterates' with the recommendation being set at 'UNDERPERFORM' this morning by analysts at Jefferies International. Royal Mail PLC are listed in the Industrials sector …Royal Mail PLC (RMG) Price Target Cut…
Royal Mail proposes hybrid defined benefit pension schemeFT AdviserIn place of the DB scheme, the company said it was considering offering employees two alternatives: a standard defined contribution scheme; and a "defined benefit cash balance scheme". Royal Mail described the DB cash balance scheme as follows: "From … More: continued here
Royal Mail says considering how to replace pension plan after union backlashReutersThe Communications Workers Union (CWU) opposes Royal Mail's move to close the defined benefit plan and says it would result in employees in the plan losing on average up to a third of their future pensions. Around 90,000 Royal Mail workers are in the ……
Southwark News Closure confirmed for Royal Mail sorting office serving Walworth and KenningtonSouthwark NewsThe statement said: “As a commercial business, Royal Mail is responding to the huge growth in electronic communications and decline in letter volumes, while seeing a high volume of parcels and online shopping which need to be delivered to customers. More: continued…
Get Surrey Former Royal Mail delivery office could be replaced with DIY stores including Wickes and a Greggs sandwich shopGet SurreyThe application includes demolishing two vacant houses and four commercial units on the site. One of those was the Egham and Staines Royal Mail delivery in Runnymede House, that left in February this year after…
Daily Mail Royal Mail strike ballot to go ahead unless pension scheme closure reversedDaily MailDelegates condemned Royal Mail's announcement earlier this month, and approved a motion which read: “Conference recognises that Royal Mail's decision – along with their proposals – is a clear signal that they intend to attack our terms and conditions …Postal strike…
City A.M. Royal Mail (RMG) share price drops 3.6 per cent as it reveals it's considering defined benefit cash balance pension …City A.M.Royal Mail's share price dropped 3.6 per cent by mid-afternoon today, after the postal group released an update on the future of its pension plan. The company announced earlier this month it would…
FleetNews ARI and Royal Mail Fleet form strategic co-operation to maximise compliance and minimise downtimeFleetNewsFleet management company ARI and service, maintenance and repair provider Royal Mail Fleet have formed a strategic co-operation aimed at maximising compliance and minimising downtime. Paul Gatti, director of Royal Mail Fleet, which has a 110-strong … More: continued here