By Scott Kanowsky Investing.com — London-listed shares in International Distributions Services PLC (LON:IDSI) slid sharply on Friday after the British postal service unveiled plans to deeply slash jobs in an attempt to begin “rightsizing” the business in the wake of a first-half loss. In a trading update ahead of its …
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Royal Mail staff across the country will walk out on two more dates this month in a row over pay and conditions. It is the latest in a series of walk-outs which were confirmed by the Communication Workers Union (CWU) last month. A strike on Thursday (October 13), was the …
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Royal Mail has announced that it plans to cut up to 10,000 jobs as it warned it expects its full-year losses to hit £350million. The postal network plans to axe up to 6,000 jobs by next August as part of parts to reduce its costs but in total it wants …
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Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses. Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the job cut plans cannot be avoided. Royal Mail …
Read More »Unions have reacted with fury as Royal Mail says it will seek to make 6,000 redundancies by next year. The postal service was privatised in 2011 and posted net profits of over £600m in 2021. The Communication Workers Union (CWU) announced on Thursday that its members would take part in …
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On Thursday, 115,000 Royal Mail workers across the UK took part in a one-day strike demanding a cost-of-living pay rise and a halt to Royal Mail’s sweeping attacks on terms and conditions. The latest strike followed talks between Royal Mail executives and Communication Workers Union (CWU) officials on Monday and …
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The Royal Mail has launched an investigation after hundreds of letters were found dumped at the side of a busy road. The post, which included bills and personal letters, was collected by volunteer litter-pickers who were clearing hedgerows and grass verges by the A47, near Hinckley. Efforts are now being …
Read More »Fat cat bosses holding workers to ransom? Yes, you can understand why the Communication Workers Union is screaming blue murder. Royal Mail’s threat of 10,000 job losses is one way to harden minds during an industrial dispute over pay and working practices. But the CWU’s leaders would be wise to …
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Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year and warned of more layoffs if planned strikes go ahead, as the British company remains locked in a bitter dispute with its largest labor union. The Communication and Workers Union (CWU), representing …
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Dave Ward has described Royal Mail’s announcement that it plans to cut 10,000 jobs by August 2023 as the result of “gross mismanagement”. Commenting after Royal Mail revealed plans to begin notifying postal workers of the job losses, which include up to 6,000 redundancies, the general secretary of the Communication …
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