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Tag Archives: Royal Mail

Royal Mail: A hedge fund that delivers parcels

It is thirteen years since pensions-fund expert John Ralfe described Royal Mail as a hedge fund that delivers letters. That was before privatisation and was Ralfe’s warning about Royal Mail’s secret decision to invest £5.13 billion of workers’ pension funds into the futures market—a high-stakes gamble that risked financial ruin for …

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Postal workers speak ahead of Sunday’s rank-and-file Zoom meeting: “The union is in Royal Mail’s pocket”

The World Socialist Web Site has received further write-ins from postal workers across the UK speaking out against brutal cost-cutting revisions agreed between the Communication Workers Union (CWU) and Royal Mail. Mass anger towards the CWU’s surrender document with Royal Mail has forced the CWU postal executive to “postpone” balloting on the …

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CWU suspends Royal Mail ballot

The future stability of Royal Mail has been thrown into question again, after the CWU suspended the ballot over its proposed pay and conditions agreement due to the “command and control” workplace environment it described as “toxic”. Yesterday afternoon (24 May) the CWU issued a statement explaining the latest …

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