Royal Mail’s overseas division was still driving business growth in Q1 of its financial year, as letter volumes continued to plummet. For the three months ended 25 June, the first quarter of Royal Mail’s financial year, the group saw turnover growth of 1%. Its UK letters and parcels division, UKPIL, suffered a 1% turnover drop, while its overseas GLS grew revenue by 6%. Within UKPIL parcels volumes grew 5%, which the group said was driven by new contracts and growing […]
Royal Mail will take on an additional 19,000 employees for the Christmas peak season, 2,600 of whom are intended for its Parcelforce operation.
The Royal Mail board has approved the agreement broached with the Communication Workers Union to end a long-running battle over pay and pension reform.
Royal Mail has admitted that the threat of industrial action and the introduction of size-based parcel pricing led to volumes being flat in the first nine months of the current financial year.