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Today’s headline story: Royal Mail estimated to have lost £200m due to strikes
The Royal Mail’s parent company has raised its estimate for the cost of industrial action so far to £200m and claimed that up to 12,500 union members have worked on strike days.
Royal Mail’s owner says the strikes have cost £200m, and caused significant disruptions to their operations. The strikes are the result of a labour dispute between the company and the CWU over issues such as pay, jobs, and pensions.
The company has also stated that it will not be able to make the £1.8bn pension contributions required by the Pension Regulator, due to the financial impact of the strikes. This has led to concerns about the future of the company’s pension plans and the security of the pensions of its employees.
The CWU, on the other hand, has stated that the strikes will continue unless the company agrees to a “fair deal” on pensions, pay, and job security. They have argued that the strikes are necessary in order to protect the rights and benefits of their members.
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