Related Articles
Fears of an escalation of hostilities with workers’ unions delivered a blow to investors in Royal Mail on Tuesday. The former state postal monopoly has reached a “cliff’s edge” in its relationship with the Communication Workers Union, analysts at JP Morgan said, adding that the outcome of mediation was uncertain.
Workers’ representatives and the FTSE 250 company are reported to be at loggerheads over a range of issues, including working hours, the use of technology to monitor efficiency and its parcel sorting systems.
Management’s approach “may increase the risk of strike action”, JP Morgan said. Even if a strike can be averted, cutting a deal with the union could negatively affect costs and…
