[ad_1] Royal Mail has again called for “major reform” of the USO after posting a £1bn operating loss – reduced to a mere £419m, or £8m a week – on an adjusted basis. Parent company International Distributions Services (IDS) posted its preliminary results for the 52 weeks ending 26 March this morning (18 May)….
[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] Royal Mail makes £1 billion annual loss as postal service is hit by strikes and slump in demand for parcel deliveries By Martin Robinson, Chief Reporter For Mailonline Published: 02:30 EDT, 18 May 2023 | Updated: 03:10 EDT, 18 May 2023 Royal Mail has lost £1billion in the past year, it was revealed today….
[ad_1] Royal Mail have apologised to Sheldon residents left ‘in despair’ who are missing ‘crucial health appointments’ as letters are not being delivered on time. The postal firm has said ‘higher levels of sickness than usual’ at a local post office was to blame. A number of concerned Sheldon residents have contacted Lib Dem Councillor…
[ad_1] Two Essex towns will not receive post from Royal Mail due to ‘local issues’. Royal Mail say they hope to deliver to all addresses they have mail for 6 days a week – Monday to Saturday. However, in some local offices, deliveries can be delayed with some towns without post due to local office…
[ad_1] A Zoom meeting of the Postal Workers Rank-and-File Committee on Sunday delivered a powerful answer to the propaganda by Communication Workers Union (CWU) officials who are insisting “there is no alternative” to accepting their pro-company agreement with Royal Mail and that a no vote will result in “mutual destruction”. Sunday’s online meeting brought together…
[ad_1] A Russian master hacker who claims to have cut off his own finger after losing a bet has been slapped with a $10m (£8m) bounty by US officials. Mikhail Matveev, 30, of Kaliningrad, was accused on Tuesday of being one of the leading members of the Hive, LockBit and Babuk ransomware gangs. LockBit was…
[ad_1] R oyal Mail will be investigated by the industry watchdog Ofcom after it failed to meet its delivery targets during the past year. The postal service delivered only 73.7 per cent of First Class mail within one day, well short of its 93 per cent target. Ofcom said it would take into account whether…
[ad_1] It never rains but it pours for Royal Mail, which is now under investigation by Ofcom over its failure to meet delivery targets. Yesterday, Royal Mail announced that it did not meet its performance targets in 2022/23, which included a period of industrial dispute and 18 days of strike action. Its target is…
[ad_1] The World Socialist Web Site has received further write-ins from postal workers around the UK speaking out against the ramped-up exploitation being enforced through cost cutting revisions agreed between the Communication Workers Union (CWU) and Royal Mail. Mounting anger against these sweatshop conditions is fuelling intense opposition to the CWU’s 35-page agreement with Royal…