Tag Archives: business

London CNN Business  —  UK postal service Royal Mail (ROYMY) said Friday that it could cut 6,000 jobs as it warned of a big loss this year, which it blamed on a wave of strikes and a decline in its parcel delivery business. About 110,000 Royal Mail staff went on …

LONDON – August 26, 2022: CWU general secretary Dave Ward (in grey suit jacket) visits the picket line in Whitechapel on August 26, 2022. Members of the Communication Workers Union (CWU) voted in favour of strike action by 97.6 per cent in the ballot, in the biggest strike of the …

Royal Mail rushed forward the monthly payment into its pension scheme to help prevent a cash crunch, The Telegraph can reveal, after the mini-Budget sent crucial money markets into a tailspin. The company responded to a request from the trustees of the Royal Mail Pension Plan to provide emergency liquidity, …

London CNN  —  British Prime Minister Liz Truss admitted mistakes had been made with her government’s controversial “mini-budget” announced last week – which sent the pound to historic lows and sparked market chaos – but stood by her policies. Speaking to the BBC’s Laura Kuenssberg on Sunday morning Truss said: …

Royal Mail staff formed a picket line this morning, signalling the beginning of two back-to-back days of strike action. Postal workers are calling for improved pay and terms and conditions. Passing vehicles showed solidarity with the workers, honking as they drove past the picket line, where warm food cooked on …

The spokesman added that the company is also seeking talks with the CWU at dispute resolution service Acas.  It is possible that the decision to terminate agreements with the CWU could be open to challenge in the courts, one insider acknowledged. But they added: “You couldn’t paint a clearer picture …

Daily Mail chief executive Paul Zwillenberg is stepping down from the company as proprietor Lord Rothermere shores up control after a take-private deal earlier this year. Mr Zwillenberg will step down as chief executive and board director of Daily Mail and General Trust (DMGT) at the end of September after …

The situation is somewhat different with postboxes. There are 115,000 of them around the UK and most carry the queen’s cipher, though there are still some that feature the ciphers of previous monarchs, including Victoria. A few hundred new postboxes are installed every year, says Gold, and it is only …

TRAIN passengers face further disruption this month as railway workers announce strikes for September. Strikes or ballots for industrial action are being announced on an increasingly regular basis as workers across numerous sectors escalate their demands for better pay, amid grim forecasts over the cost of living crisis. Two strikes …

First, we need to rip up the rules that were put in place when it was privatised that protect the unions. The Royal Mail is ridiculously over-manned, and riddled with restrictive practices.  Of course, we all sympathise with the posties who want a pay rise that matches inflation, and the …