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 […]
Royal Mail has said its Christmas deliveries will not be affected by industrial action, as it reaches an agreement with the Communication Workers Union (CWU) after weeks of talks.
Royal Mail’s overseas division was still driving business growth in Q1 of its financial year, as letter volumes continued to plummet.
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.