[ad_1] 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 strike, the Communication Workers…

[ad_1] © 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 on Wednesday, as it…

[ad_1] 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 led to an unexpected…

[ad_1] 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 conditions. Some 63% voted…

[ad_1] 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 in the three months…

[ad_1] 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 115,000 postal workers at…

[ad_1] 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 per cent last month….

[ad_1] 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 and app-based grocery delivery…