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Royal Mail chief’s £142,000 bonus

Royal Mail’s chief executive has earned £637,000 since she took up the job last July, with pension payments on top, compared to the near £2.5 million paid to her predecessor in his final year, the organisation revealed in its annual report. More: continued here

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20,000 Royal Mail workers face the axe

Tens of thousands of Royal Mail workers face the threat of losing their job after the company reported a £120 million loss in its letters and parcels business following a huge slump in the number of people … More: continued here

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Modernisation programme delays post – Southend Standard

Modernisation programme delays postSouthend StandardA MODERNISATION programme being rolled out by Royal Mail has been blamed for residents in Thorpe Bay getting their post delivered in the evening. Elaine Bridge, chairman and chief executive of Royal Mail said that a number of new delivery practices …and more » More: continued here

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UK postal service profits slump 78% before sale – AFP

BBC News UK postal service profits slump 78% before saleAFPLONDON — Britain's state-run postal service Royal Mail said on Tuesday that its annual profits have slumped more than 78 percent as the embattled company gears up for more job losses and privatisation. Royal Mail said operating profit slid to £39 …

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