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Royal Mail and the Communication Workers Union (CWU) had been locked in a dispute over a 1.8 billion pound ($2.42 billion) restructuring plan, proposed by its former chief executive officer, Rico Back. The resistance led to Back resigning in May. “This agreement marks the end of our two year dispute …

The notice follows Royal Mail’s proposed 6% pay increase, part of a three-year deal with the CWU last week, in a bid to appease the union following threats of another strike ballot. However, hopes for a settlement faded when CWU said last week that it could call for a strike …