That escalated quickly. A day after Royal Mail workers voted to strike over pay, their employer is threatening to perform the splits unless “significant operational change” happens. The UK postal service would go one way, taking its industrial relations disputes and modernisation challenges with it. GLS, the more profitable parcel …
Read More »Royal Mail hints at break-up without change at loss-making UK business | Business
Royal Mail has indicated that it could break up the postal service and courier company if it is unable to move ahead with changes at its UK business, which lost about £1 million a day between April and June. The company, which is facing strike action from workers over pay …
Read More »Royal Mail threatens to split up business as it reports £1m a day loss | Royal Mail
Royal Mail has reported it is losing £1m a day and has threatened to split if it cannot achieve “significant operational change”, as it faces what could be the biggest strike of the summer. The day after thousands of its staff in the Communications Workers Union voted in favour of …
Read More »Improving Sentiment, Royal Mail, and Copper with Alan Green
Alan Green joins the Podcast for an in-depth discussion around the current market conditions and a selection of UK equities. We break down the current market dynamics and question whether we have seen a bottom in markets as investor sentiment improves. Click here to subscribe Royal Mail has changed their …
Read More »Royal Mail: new name incoming but same woes remain
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 …
Read More »Royal Mail strike 2022: When is it and why are postal workers striking?
GoodTo newsletter Sign up to the GoodTo Newsletter. You can unsubscribe at any time. For more information about how to do this, and how we hold your data, please see our privacy policy Thank you for signing up to GoodTo. You will receive a verification email shortly. There was a …
Read More »UK: 40,000 BT telecoms workers to strike as 115,000 postal workers vote for action at Royal Mail
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 …
Read More »Royal Mail strike vote by 115 000 staff deepens UK labour woe
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 …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash
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 …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash By Reuters
© 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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