Royal Mail agrees to 9 pct staff pay rise over three years

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Britain's newly privatised Royal Mail said on Monday it had agreed with union members to a 9.06 percent staff pay rise over the next three years. Royal Mail (Other OTC: ROYMF – news) and the Communication Workers Union (CWU), which represents the majority of the postal firm's staff, said last week an agreement had been reached in principle on pay, pensions and working conditions, averting the …

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