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 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.
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
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.