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Royal Mail have petitioned the UK Government to cut letter services down to five days a week after admitting heavy losses following crippling industrial action. Three days of crippling strikes in the first half of the year are reported to have cost the organisation around £70 million. Further strikes in …

Royal Mail has accelerated plans to axe Saturday letter deliveries by asking the Government to consider changing postal laws to allow a five-day-a-week operation. The postal monopoly, which has a legal requirement under its “Universal Service Obligation” to deliver letters six-days-a-week, is seeking permission for “an early move to five …

Royal Mail workers will stage two 48-hour strikes around Black Friday and Cyber Monday as a long-running row over pay, jobs and conditions continues. The action could have a significant effect on consumers, with these being two of the busiest shopping days of the year, coming less than a month …

Keith Williams, non-executive chair of Royal Mail's owner International Distributions Services, said "urgent reform" was needed, to ensure a … Source link

International Distributions Services swung to a first-half operating loss of £57million as strike disruption, rising costs and lower delivery volumes took their toll.  At the same point a year ago Royal Mail’s parent company posted an operating profit of £404million.  The former British postal monopoly, which recently changed the name …

Royal Mail Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action. Boss Simon Thompson vowed to do “whatever it takes” to turn the group around after half-year …

Royal Mail Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action. Boss Simon Thompson vowed to do “whatever it takes” to turn the group around after half-year …

Royal Mail has plunged to a first-half loss of more than £200m blaming the financial impact of ongoing strike action, a fall in the number of parcel deliveries and inability to restructure the business while at loggerheads with unions. The postal service, which is in talks with the Communications Workers …

An estimated £70m impact from strike action at Royal Mail is being blamed for plunging its parent firm into the red during the first half of its financial year. International Distributions Services, which includes its GLS global delivery division, reported pre-tax losses of £127m for the 26 weeks to 25 …

Royal Mail’s parent company International Distributions Services has today reported a first-half loss of £57m as higher costs and disruptions arising from strikes by its postal workers put a strain on its finances. The former British postal monopoly recently changed the name of its holding company from Royal Mail Plc. …