Dec 2 (Reuters) – Royal Mail had failed to meet its delivery targets for 2021-2022 due to the pandemic, Britain’s communications watchdog Ofcom concluded on Friday, but warned the post and parcel services company that it cannot use COVID as an excuse anymore. The regulator, which launched its probe in …
Read More »Royal Mail’s largest labour union rejects new conditional pay offer
New pay offer includes a 7% salary hike over two years Conditions for hike include changes to Sunday working CWU says it would vote to take further strike action Oct 31 (Reuters) – The dispute between Britain’s Royal Mail and its largest labour union flared up again on Monday after …
Read More »Wall Street bonuses to plunge 22% this year – NY state comptroller
NEW YORK, Oct 25 (Reuters) – Wall Street bonuses in 2022 are expected to fall 22% or more from last year’s bumper payouts, according to a report from New York State Comptroller Thomas DiNapoli, as tough economic conditions choked off demand for deals. Inflation, the war in Ukraine and rising …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Shares down 2% Holding company to be renamed International Distributions Services Plc Executives say ready to talk over pay July 20 …
Read More »Royal Mail workers vote for major UK summer strike
LONDON, July 19 (Reuters) – More than 115,000 postal workers at Royal Mail (RMG.L) have voted to strike over pay, trade union CWU said on Tuesday, putting them on course for what could be the biggest industrial action to hit Britain this summer. Rising inflation and stagnant real wage growth …
Read More »Royal Mail urges UK regulator to rethink no-parcel-tracking rule
The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/ Register now for FREE unlimited access to Reuters.com Register July 18 (Reuters) – UK’s Royal Mail (RMG.L) on Monday urged regulator Ofcom to reconsider …
Read More »British postal workers, train station staff vote to strike
LONDON, June 29 (Reuters) – British postal workers and train station staff have voted in favour of strike action, their trade unions said on Wednesday, as workers across the economy grapple with employers as surging inflation bites. The Unite union said around 2,400 managers across 1,000 Royal Mail (RMG.L) delivery …
Read More »Royal Mail expects profit to rise as letters recover, flags higher costs
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. Picture taken June 25, 2020. REUTERS/John Sibley/File Photo Sept 23 (Reuters) – Royal Mail Plc (RMG.L) forecast a surge in first-half operating profit on Thursday despite warning of higher costs, as it …
Read More »