[ad_1] The UK is set for delivery chaos as Royal Mail workers voted in favour of strike action in the coming weeks. A pay dispute is at the heart of the strike, which if not settled, will cause disruption to delivery over the summer. Approximately 115,000 Royal Mail postal work voted to strike over pay…
[ad_1] Wednesday 20 July 2022 at 14:40 Weaker retail trends, fewer test kit deliveries and a structural decline in letters meant revenue fell 5.1% to £3.0bn in the first quarter. This reflected an 11.5% decline in Royal Mail PLC (LON:RMG) revenue which more than offset a 7.8% increase at GLS. With the union refusing to…
[ad_1] It is threatening a break up of the business which can trace its history back to 1516. Postal workers, among the feted heroes of the Covid crisis, voted yesterday for industrial action after refusing a 5.5% pay rise. Today the business said it had lost £92 million in the quarter to June – about…
[ad_1] 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 operation that is run…
[ad_1] 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 and change, said that…
[ad_1] 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 industrial action, the company…
[ad_1] 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 name after a torrid…
[ad_1] 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 and letter volumes are…
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[ad_1] 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 1987—three years after its…