The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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 set to walk out in fresh strike over pay

Wed, 12th Oct 2022 21:15

(Alliance News) - Postal workers will stage a fresh strike on Thursday in a long-running dispute over pay and conditions, with a series of walkouts planned for the coming weeks.

The Communication Workers Union said its 115,000 members across the UK will be taking action, describing it as the largest strike in a year that has seen industrial unrest across several industries, including rail.

Picket lines will be mounted outside Royal Mail PLC offices on what will be the sixth day of action in recent months.

The union has accused the Royal Mail of planning structural change, which would effectively see employees in secure, well-paid jobs turned into a "casualised, financially precarious workforce overnight".

The CWU said plans include delaying the arrival of post to members of the public by three hours, cuts in workers' sick pay and inferior terms for new employees.

The union has announced 19 further days of strike action in the build up to the busy Christmas period.

General secretary Dave Ward said: "Postal workers face the biggest ever assault on their jobs, terms and conditions in the history of Royal Mail.

"The public and businesses also face the end of daily deliveries and destruction of the special relationship that postal workers and the public have in every community in the UK.

"It is insulting the intelligence of every postal worker for Royal Mail chief executive Simon Thompson to claim that their change agenda is 'modernisation'.

"It is nothing more than an asset stripping business plan that will see the break-up of the company and the end of Royal Mail as a major contributor to the UK economy.

"Royal Mail Group claim to be losing GBP1 million a day. The CWU believe these figures need to be scrutinised."

A Royal Mail spokesman said: "Three weeks ago, Royal Mail invited the CWU to enter talks through Acas to find a resolution to our change and pay dispute. We have not reached an agreement with the CWU on this request.

"Royal Mail is losing GBP1 million a day and must change faster in response to changing customer demands.

"The CWU leadership's choice of damaging strike action over resolution is weakening the financial position of the company and threatening the job security of our postmen and women.

"We call on the CWU leaders to cancel their planned strike action and accept our invitation to enter talks through Acas without further delay.

"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."

By Alan Jones, PA Industrial Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
29 Sep 2021 12:13

LONDON MARKET MIDDAY: Stocks rise as Evergrande fears ease, weak pound

LONDON MARKET MIDDAY: Stocks rise as Evergrande fears ease, weak pound

Read more
29 Sep 2021 08:58

LONDON MARKET OPEN: AstraZeneca and Next lead FTSE 100 higher

LONDON MARKET OPEN: AstraZeneca and Next lead FTSE 100 higher

Read more
27 Sep 2021 09:20

UPDATE: PrimaryBid confirms appointment of Sage's Brydon as chair

UPDATE: PrimaryBid confirms appointment of Sage's Brydon as chair

Read more
27 Sep 2021 07:00

PRESS: PrimaryBid hires former Royal Mail chair Donald Brydon - Sky

PRESS: PrimaryBid hires former Royal Mail chair Donald Brydon - Sky

Read more
24 Sep 2021 09:40

LONDON BROKER RATINGS: Citi raises LondonMetric to Buy from Neutral

LONDON BROKER RATINGS: Citi raises LondonMetric to Buy from Neutral

Read more
23 Sep 2021 12:08

LONDON MARKET MIDDAY: Two votes cast to start BoE tapering

LONDON MARKET MIDDAY: Two votes cast to start BoE tapering

Read more
23 Sep 2021 09:08

LONDON MARKET OPEN: Royal Mail falls despite raising guidance

LONDON MARKET OPEN: Royal Mail falls despite raising guidance

Read more
23 Sep 2021 08:19

TOP NEWS: Royal Mail expects half-year profit to top pre-virus level

TOP NEWS: Royal Mail expects half-year profit to top pre-virus level

Read more
23 Sep 2021 07:53

LONDON MARKET PRE-OPEN: Royal Mail raises interim profit guidance

LONDON MARKET PRE-OPEN: Royal Mail raises interim profit guidance

Read more
23 Sep 2021 07:01

Royal Mail sees higher H1 profit as revenues rise 8%

(Sharecast News) - Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth.

Read more
22 Sep 2021 16:13

EXECUTIVE CHANGES: Avast CFO steps down before NortonLifeLock takeover

EXECUTIVE CHANGES: Avast CFO steps down before NortonLifeLock takeover

Read more
20 Sep 2021 05:45

Royal Mail to trial small electric vehicles to deliver the mail

Royal Mail to trial small electric vehicles to deliver the mail

Read more
16 Sep 2021 16:06

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
8 Sep 2021 09:54

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

Read more
3 Sep 2021 09:37

LONDON BROKER RATINGS: Berenberg cuts AIB Group to Hold from Buy

LONDON BROKER RATINGS: Berenberg cuts AIB Group to Hold from Buy

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.