The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRMG.L Share News (RMG)

  • There is currently no data for RMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Royal Mail workers launch 48-hour strike over pay

Fri, 30th Sep 2022 10:45

(Alliance News) - Picket lines have been mounted outside Royal Mail PLC delivery and sorting offices after workers launched a 48-hour strike in a worsening dispute over pay.

Members of the Communication Workers Union walked out, hitting deliveries of post across the country.

Talks between the two sides were held on Thursday, but there was no sign of any progress being made, and the union is planning to step up industrial action in the coming weeks.

The union said the walkout by around 115,000 of its members is the biggest strike of the year amid long-running disputes in other sectors.

A further 19 days of strikes have been announced on different days throughout October and November in a major escalation of the dispute.

CWU General Secretary Dave Ward said: "This is a significant announcement, but it is one which matches the level of anger our members feel at the way Royal Mail Group has treated them.

"The chief executive of Royal Mail Group is treating postal workers as if they are stupid.

"These are the same people that have kept the country connected and returned Royal Mail Group to record profit.

"Postal workers across the UK now face the fight of their lives to save their jobs and the service they provide to every household and business in the UK.

"We call on everyone to stand with their local postal worker."

A Royal Mail spokesman said: "The CWU can be in no doubt of the impact its reckless pursuit of 19 days of industrial action has on our weakened financial position and the job security of its members.

"Royal Mail is losing GBP1 million a day. We operate in a competitive market, and our customers have choices. Continued strike action will force our customers to make those choices sooner rather than later.

"Our invitation to enter into talks through Acas remains open. Our people need the CWU leadership to recognise the reality of the situation Royal Mail faces as a business, and to engage urgently on the changes required to adapt to customer demands in a highly competitive market.

"We apologise to our customers for the inconvenience the CWU's continued strike action will cause.

"We are doing all we can to minimise any delays and keep people, businesses and the country connected."

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
22 Nov 2021 09:25

LONDON BROKER RATINGS: Stifel cuts Auto Trader to Hold from Buy

LONDON BROKER RATINGS: Stifel cuts Auto Trader to Hold from Buy

Read more
19 Nov 2021 09:39

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

Read more
18 Nov 2021 17:04

LONDON MARKET CLOSE: Stocks mixed on Europe Covid resurgence fears

LONDON MARKET CLOSE: Stocks mixed on Europe Covid resurgence fears

Read more
18 Nov 2021 12:10

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

Read more
18 Nov 2021 08:55

TOP NEWS: Royal Mail plots GBP400 million return as profit jumps

TOP NEWS: Royal Mail plots GBP400 million return as profit jumps

Read more
18 Nov 2021 08:48

LONDON MARKET OPEN: FTSE 100 trails behind as pound trades at USD1.35

LONDON MARKET OPEN: FTSE 100 trails behind as pound trades at USD1.35

Read more
18 Nov 2021 07:54

LONDON MARKET PRE-OPEN: 3rd Playtech bidder but Metro Bank suitor out

LONDON MARKET PRE-OPEN: 3rd Playtech bidder but Metro Bank suitor out

Read more
18 Nov 2021 07:02

Royal Mail to return £400m to shareholders as profit soars

(Sharecast News) - Royal Mail said it would return £400m of cash to shareholders as the company reported soaring first-half profit fuelled by a boom in parcel deliveries.

Read more
17 Nov 2021 22:46

Thursday preview: Philly Fed, Royal Mail in the spotlight

(Sharecast News) - The key data release on Thursday was expected to be the Philly Fed´s regional manufacturing index, which economists believed would reveal a small improvement in activity levels for the month of November.

Read more
14 Nov 2021 17:10

Sunday newspaper round-up: IAG, The Hut Group, Nvidia

(Sharecast News) - A cash call would be the quickest way for IAG to tackle its €12.3bn of debt and begin paying a dividend again, HSBC aviation analyst Andrew Lobbenberg said. If not, then the carrier would have to resort to its cash flows. Any decision on a rights issue would likely be taken by the company's new bos, Nicholas Cadbury, when he started early the following year. Lobbenberg had already said in September that plans to raise cash for IAG might follow positive news such as the reopening of travel to the US. - Financial Mail on Sunday

Read more
11 Nov 2021 15:51

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
7 Nov 2021 16:29

Sunday newspaper round-up: JD Sports, Abrdn, Snowfox Group

(Sharecast News) - The head of JD Sports, Peter Cowgill, is facing questions from the Competition and Markets Authority over his meeting in a car park with Footasylum boss, Barry Brown. They were filmed at the weekend sitting in a black Mercedes at Bridge Hall industrial park, leading to the watchdog's investigation into whether or not they breached the rules governing JD Sport's takeover of its smaller rival. In the video, which was seen by The Sunday Times, they were joined in the car by JD's general counsel, Siobhan Mawdsley, who later left. The investigation comes as the CMA is still examining JD's 2019 offer to buy out Footasylum. - Sunday Times

Read more
4 Nov 2021 09:28

LONDON BROKER RATINGS: Barclays cuts Aveva; DB cuts Trainline

LONDON BROKER RATINGS: Barclays cuts Aveva; DB cuts Trainline

Read more
3 Nov 2021 17:05

LONDON MARKET CLOSE: Stocks edge lower as markets brace for Fed taper

LONDON MARKET CLOSE: Stocks edge lower as markets brace for Fed taper

Read more
3 Nov 2021 09:38

LONDON BROKER RATINGS: Royal Mail, Anglo American and WPP get upgrades

LONDON BROKER RATINGS: Royal Mail, Anglo American and WPP get upgrades

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.