[ad_1] Strike action cost Royal Mail more than £1m every day over the past 12 months, with the disruption contributing to an annual loss of more than £1bn for the group’s owner. International Distributions Services (IDS) revealed Royal Mail swung to an operating loss of £1.04bn for the year to March 26, compared to earnings…
[ad_1] The figures follow revelations in the Telegraph last week that “postal deserts” had sprung up across the country, leaving households starved of deliveries for up to a fortnight. Grant McPherson, Royal Mail operating chief said: “We’re sorry to any customers who may have been impacted by our performance during a year that has been…
[ad_1] Simon Thompson is set for a pay-off of up to £700,000 after quitting as the boss of Royal Mail in the wake of a tempestuous battle with union leaders. Mr Thompson will formally step down from the helm of Royal Mail in autumn, leaving the UK postal monopoly on the hunt for its third…
[ad_1] Nick Freeman, the motoring lawyer known as Mr Loophole, said that disruption to the postal deliveries could allow speeding motorists to escape a fine or points on their driving licence. Laws state that anyone caught speeding must receive a Notice of Intended Prosecution (NIP) within 14 days of the alleged offence. He advised…
[ad_1] The Labour MP has built up something of a following on the Left for his perceived skewering of company bosses during his time overseeing the business select committee but the impression was that he had already made up his mind about the Royal Mail chief. This was reinforced by the relatively easy ride that…
[ad_1] The chief executive of Royal Mail is preparing to step down amid a row over deliveries and after a year-long clash with workers over pay. Simon Thompson, who has spent two years at the helm of Royal Mail, is expected to step down within weeks, according to Sky News. During his time in charge…
[ad_1] Royal Mail and the CWU have been in discussions for almost a year over the biggest overhaul of working practices since the business was privatised under David Cameron in 2013. The company has said it is losing £1 million a day, with strike action by the CWU costing £200 million in lost business and…
[ad_1] Royal Mail strike talks have collapsed after union leaders rejected a 10pc pay rise plus a bonus of up to £1,500. In an announcement that raises the spectre of a fresh wave of postal strikes, Royal Mail said it was “deeply concerned” that talks had failed to reach an agreement. A 10pc pay rise…
[ad_1] Margaret Thatcher famously left the Royal Mail out of her privatisation sights in the 1980s. She felt its monarchical connections and distinguished history going back to the creation of Master of the Posts in 1516 gave it a unique position. It had been in public ownership since 1635 and possessed a Royal Charter symbolic…
[ad_1] After several sweeteners, the company has made a “best and final” pay rise offer of 9pc over 18 months, a proposal that the CWU has predictably rejected, on the basis that it represents “a devastating blow” to the livelihood of its 115,000 members. In reality, it is nothing of the sort: it stands to…