Royal Mail is losing £1mn per day Parcel and letter volumes are falling Royal Mail’s (RMG) latest trading update is a litany of woes. Divisional revenue is down by 11.5 per cent, its cost saving plan has stalled, it is losing £1mn a day, retail trends are weakening, and parcel …
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More than 40,000 workers at UK telecoms giant BT Group are set to strike on July 29 and August 1 against a below inflation pay award for this year. Following the first national rail strike in 25 years last month, the BT action will be the first company-wide strike since …
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Royal Mail faces a possible nationwide strike by more than 115 000 postal staff that would be the biggest walkout by British workers this summer. Employees backed industrial action over pay by the widest margin since labour laws were overhauled in 2016, with almost 98% of votes cast favouring a …
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A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Shares down 2% Holding company to be renamed International Distributions Services Plc Executives say ready to talk over pay July 20 …
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© Reuters. FILE PHOTO: A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley By Eva Mathews and Yadarisa Shabong (Reuters) – Royal Mail (LON:) is losing one million pounds a day, the British post and parcel delivery firm said …
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By Eva Mathews and Yadarisa Shabong (Reuters) – Royal Mail is losing one million pounds a day, the British post and parcel delivery firm said on Wednesday, as it struggles to cut costs as inflation-hit consumers cut back on online shopping and postal workers threaten to strike. While the pandemic …
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20 July 2022 Transport / Logistics Services Royal Mail managers have voted to suspend strike action and return to negotiations with the postal operator, according to a statement from their union, Unite. The union balloted the 2,400 Royal Mail managers on new proposals from the postal operator on jobs, pay and …
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Royal Mail Group chiefs said its flagship postal service was haemorrhaging £1m a day today as revenues across the group slumped 5.1 per cent in the first quarter of the year as the pandemic postal boom subsides. Revenues at the flagship postal arm of the group plunged £92m to £1.88bn …
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Royal Mail losing £1MILLION a day as pandemic postal boom subsides and over 115,000 workers vote to go on strike in a dispute over pay Royal Mail sank to a £93m adjusted operating loss in the first quarter Over 115,000 Royal Mail workers have voted to strike over pay, CWU …
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