Royal Mail has said there are “no grounds” for the strike action its employees voted in favour of yesterday, as tensions over a range of issues including pensions came to a head. With a 73% turnout, the Communication Workers’ Union (CWU) members voted 89.1% in favour of taking action in the first strike ballot since Royal Mail entered the stock market as a private firm in 2013. But the postal operator warned action would undermine the trust of customers and […]
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
Suttons Tankers has said that changes to employees’ terms and conditions are necessary to protect jobs in the long term, after coming under fire from union Unite.
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.