A Royal Mail Group postal worker on his delivery round in Manchester, U.K. Paul Thomas | Bloomberg | Getty Images Royal Mail revealed plans Friday to cut up to 6,000 jobs by next summer following a summer of strikes by postal workers in the U.K. “We will be starting the …
Read More »Royal Mail Warns of Material Losses as Union Moves Forward With Strike
By Jaime Llinares Taboada Royal Mail PLC warned on Wednesday that it expects to be materially lossmaking in fiscal 2023 if a proposed strike action takes place. The Communication Workers Union, or CWU, has told the company that it intends to call upon its members to take strike action for …
Read More »Royal Mail PLC 1Q Revenue Down 11.5% Year on Year
By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June …
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