More strikes incoming: Union to ballot over Royal Mail postman pay row MORE STRIKES INCOMING The union representing staff at Royal Mail have said they will hold a ballot that could lead to even more strike action over pay, adding to the rail and tube mayhem seen this week.
Royal Mail boss says prices are ‘under review’ as firm faces union battle royal mail The boss of Royal Mail has said he will keep costs “under review” as the firm struggles to balance the cost of living crunch with rising union action. Speaking to Sky News earlier today, Simon Thompson explained that his team was “not immune” to the cost of living crunch, acknowledging the Communication Workers’ Union (CWU) threats of [...]
Royal Mail faces Ofcom probe as union action looms royal mail Ofcom has launched an inquiry into Royal Mail's failure to meet targets in the past year just as the postal service comes under attack from unions.
Royal Mail delivery managers to vote on strike action as hundreds of jobs could be axed May 31, 2022 Delivery managers at Royal Mail will be balloted for strike action, with union bosses warning there could be parcel delivery chaos this summer. Postal workers are unhappy with plans to slash some 524 frontline delivery manager roles, with Unite the union declaring there would be a ballot. Some 2,400 managers will decide on whether to [...]
Royal Mail under fire for wrongly charging British customers £150 ‘Brexit tax’ May 30, 2022 Royal Mail is under fire from angry Brits for reportedly charging incorrect Brexit import fees on deliveries from the European Union. The mail giant wrongly slapped fees on items customers already own. One man was charged around £200 for a pair of glasses to be sent back from a hotel in Spain, according to a [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Royal Mail warns against further price rises as it fails to keep up with pandemic momentum May 19, 2022 Royal Mail posted humble results this morning with revenue down 1.6 per cent year-on-year reflecting changing consumer behaviour following removal of lockdown restrictions and lower international volumes.
Royal Mail set to post this week after job cuts May 15, 2022 The City will be looking out for signs that Royal Mail has made significant cost savings following substantial job cuts when it updates the market this week. Earlier this year, the company announced plans to axe 700 management jobs in a bid to reduce costs by about £40 million a year after experiencing a dip [...]
Royal Mail bets big on 500 drones for 50 new aerial postal routes across UK in push to make air deliveries take off May 12, 2022 With the creation of 50 new “postal drone routes” over the next three years, Royal Mail said it plans to increase its use of drones for deliveries. Under a partnership with logistics drone company Windracers, and subject to Civil Aviation Authority approval, the move will provide faster and more convenient services for remote communities, said [...]
Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay April 20, 2022 Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]