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 […]
The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said.
Parcelforce Worldwide is to begin making deliveries for online retailers on Sundays next month as parent company Royal Mail Group plans to make its services more accessible to consumers.
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.