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 confirmed that it will be ending its final mile delivery service, which it suspended last month.
Royal Mail has said it is “disappointing” that some 4,900 managers have threatened strike action after rejecting 1.3% pay rise offer.
Royal Mail CEO Moya Greene is rumoured to be preparing to step down, with the head of the business’s GLS division tipped to fill her shoes.