Reporting a $1.3 billion loss for 2022-2023 on Thursday, International Distributions Services said the poor performance was due to industrial action by postal workers in its Royal Mail division and a failure to boost productivity. File photo by Andy Rain/EPA-EFE May 18 (UPI) — The parent company of Britain’s Royal …
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The way to detect and neutralize determined cyber attackers is with 24/7 eyes-on-glass delivered by expert security operations professionals. These highly skilled operators have never been more critically urgent. Few organizations, however, have the right tools, people, infrastructure, and processes in-house to do this on their own. Global cybersecurity workforce …
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The Communication Workers Union (CWU) is joining hands with Royal Mail Group to implement a fresh round of revisions in never-ending increased exploitation including at its dedicated parcels arm, Parcelforce Worldwide On May 10, the CWU announced a delay to the start of the month-long ballot of 115,000 postal workers …
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Ian King speaks to Rain Newton-Smith from the CBI, the chair of Water UK, Ruth Kelly and Holly Bishop, chief operating and commercial officer at NME Networks. He also speaks to Ruth Mortimer, Global President of Advertising Week Europe, Nick Burns, the chief executive of Reward Gateway, as well as …
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Authored by Evgenia Filimianova via The Epoch Times, Royal Mail has suffered a full-year loss of more than £1 billion, leaving it trading at a loss as it recovers from the impacts of industrial action. A 94-page document (pdf) by Royal Mail’s owner International Distributions Services (IDS), reported that the …
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THE “gross mismanagement” of Royal Mail is to blame for the privatised firm slumping to losses of more than £1 billion, the Communication Workers Union (CWU) warned today. The owner of the 500-year-old company, International Distributions Services (IDS), revealed it suffered an operating loss of £1.04bn for the year to late March, …
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Image source: Getty Images Nearly 10 years ago, the bulk of Royal Mail was privatised, with the process being completed two years later, in October 2015. But the odds are good that if you bought into the privatisation process, you did so during that first sale, in October 2013. Royal …
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ROYAL MAIL has swung to a £1billion loss and said it will take two more years to make a headline profit as it wrestles with modernising its postal service. The business, clunkily rebranded to International Distributions Services, said it was dragged down by a £539million writedown of its value, and …
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Thursday, May 18th, 2023 11:48am Royal Mail is looking at changing the way mail is delivered to the Isle of Man. That’s according to a consultation document which outlines a number of proposed changes to services. Isle of Man Post Office is working with the mail carrier to explore the …
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In today’s top stories, International Distributions Services has blamed striking workers for Royal Mail’s £1bn loss. Elsewhere, Japanese PM Fumio Kishida met with semiconductor industry leaders to discuss his commitment to making the country a hub for chip manufacturing, while BT Group is to cut as many as 55,000 jobs …
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