Royal Mail shareholders have been advised to sell their shares in the wake of the newly announced pay and pension deal. Yesterday the postal operator announced its board had approved the agreement reached with the Communication Worker’s Union, bringing an end to the long-running pay feud. Employees will receive a 5% pay rise backdated to October 2017, which will also apply to the 2018/19 financial year. They will then see a 2% pay rise in April 2019. Market analyst Jefferies […]
Whistl has become the first company to secure a postal contract with the Government of Northern Ireland which will see it process 20m items of mail a year.
Ofcom is concerned that Royal Mail could potentially cross-subsidise its parcels operation through its letters business, as its market share and delivery network is much more established in the latter.
The Communication Workers Union (CWU) has warned that strike action at Royal Mail and Parcelforce is possible from 10 October if union members vote in favour of it later this month.