Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins. For the year ended 31 December 2016, Whistl recorded pre-tax profit of £8.4m; a 145% increase on 2015’s loss of £18.7m. Chief executive Nick Wells said this was a result of the hit Whistl took from the collapse of its final mile delivery operation, which cost the business £10m before its investor LDC withdrew. Wells told Motortransport.co.uk […]
Industrial action at Royal Mail appears to be off the table after managers were offered an improved pay deal.
The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal.
Royal Mail has called the threat of strike action by members of the Communications Workers Union (CWU) “harmful”, ahead of the union’s meeting this week to decide whether a ballot should be held.