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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The warning came as the firm posted a slump in sales and told investors that weaker parcel demand and “stalled” cost savings will weigh on its outlook for the year. Bosses said the business lost £1 million each day over the latest quarter. It comes a day after more than …
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Royal Mail workers have voted overwhelmingly in favour of strikes in a dispute over pay, as the summer of discontent continues. A ballot of members of the Communication Workers Union (CWU) showed huge support for industrial action in protest at a 2 per cent per cent pay offer after inflation hit 9.4 …
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Breadcrumb Trail Links PMN Business Here’s the key business news from London-listed companies this morning. Author of the article: Bloomberg News Charles Capel and Leonard Kehnscherper A Royal Mail Plc trolley on a street outside a residential address in London, U.K., on Thursday, Oct. 08, 2020. Covid-19 lockdown enabled online …
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Postal service Royal Mail said on Wednesday that revenues had sunk 11.5% year-on-year during the first quarter of its trading year, reflecting weakening retail trends, lower test kit volumes, and a return to a structural decline in letters. Royal Mail stated it had delivered an adjusted operating loss of £92.0m …
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Royal Mail said it could split itself up as it unveiled losses of £1mn a day and a name change of its holding company to International Distributions Services. The postal provider on Wednesday warned that the board would consider the separation of its two brands — GLS and Royal Mail …
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By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June …
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