Tag Archives: Inflation

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 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: …

Press play to listen to this article LONDON — As Liz Truss gets down to work as Britain’s new prime minister, she faces an immediate problem. Half the British workforce appears to be going on strike. Across the country, rail workers, barristers, dockhands, bus drivers, garbage collectors, Amazon employees, and …

R oyal Mail workers have begun a four-day strike over a pay dispute with the company. On Friday, some 115,000 are expected to stage a walkout, which will last throughout the weekened, with Royal Mail warning that letters will not be delievred, and parcels will be delayed. Amid the cost …

Brits are bracing themselves for a summer of discontent amid strikes, rising bills and flight cancellations. Workers are staging walkouts across the country as they demand proper pay rises to help them cope with spiralling inflation rates. Inflation is currently at a 40-year high of 10.1 per cent, with US …

Friday marks the first of four days of stoppages by 115,000 postal workers. For the Communication Workers Union it is a dispute about pay. The union has rejected a 5.5% offer from management and insisted that its members must be protected from the ravages of inflation. On first look that …

LONDON Railway and postal staff, dockers too. Britain’s workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace.     class=’cf’> Britain’s train network faces further heavy disruption today and on Aug. 20 in major walkouts that follow the sector’s biggest strike …

‘Pushed to the brink’ Dave Ward, general secretary of the CWU, said: “Nobody takes the decision to strike lightly, but postal workers are being pushed to the brink. There can be no doubt that postal workers are completely united in their determination to secure the dignified, proper pay rise they …

Postal services in Scotland are likely to be hampered in the near future after Royal Mail workers voted overwhelmingly in favour of strikes in a dispute over pay. A ballot of members of the Communication Workers Union (CWU) showed huge support for industrial action in protest at a 2% pay …

UK inflation, Royal Mail, Tesla and Netflix results. ANALYSIS | 7/15/2022 3:54:42 PM GMT. Source link