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Tag Archives: Royal Mail

Royal Mail puts price tag on strike costs

Royal Mail parent International Distributions Services has put a £200m price tag on the cost of last year’s strike action, and said that asset sales will be required to support cashflow at the postal operator. In a trading update for the nine months to 31 December 2022, IDS said …

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Royal Mail reveals £200m cost of strikes as revenue dives

T he owner of strike-ravaged Royal Mail today revealed the scale of the devastating impact of industrial action on its profits after strikes brought chaos to the peak Christmas parcel and card delivery season. International Distribution Services said 18 days of industrial action by postal workers —  including seven in …

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MPs heap pressure on Royal Mail boss

Embattled Royal Mail boss Simon Thompson has been recalled to the BEIS committee of MPs over the apparently inaccurate information he gave last week – just as CWU members are re-balloting on further industrial action and a cyber attack continues to disrupt its export parcels business. Earlier this week, …

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