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 stage second strike in pay row; more next week

Wed, 31st Aug 2022 08:18

(Alliance News) - Royal Mail PLC workers have walked out on strike again in a bitter dispute over pay, with further industrial action planned.

Members of the Communication Workers Union mounted picket lines outside Royal Mail offices across the country on Wednesday.

The union said more than 100,000 workers are involved, making it the biggest strike of the summer.

The action follows a walkout last week and there will be further stoppages on Thursday September 8 and Friday September 9.

The action is in protest at a 2% pay rise, although the company has said more money is on offer.

CWU General Secretary Dave Ward said: "There can be no doubt that postal workers are completely united in their determination to secure the dignified, proper pay rise they deserve.

"We can't keep on living in a country where bosses rake in billions in profit while their employees are forced to use food banks. Postal workers won't meekly accept their living standards being hammered by greedy business leaders who are completely out of touch with modern Britain. They are sick of corporate failure getting rewarded again and again."

CWU Deputy General Secretary Terry Pullinger said: "Our members worked miracles during the pandemic and know full well what they are worth. They are fighting for a no-strings, real-terms pay rise – something they are fully entitled to. Those managing Royal Mail Group are treating our members with contempt by imposing such a minimal amount."

A Royal Mail spokesman said: "The CWU's self-centred actions with the wider trade union movement is putting jobs at risk, and making pay rises less affordable.

"We are losing GBP1 million a day and the CWU's strike action is making our situation worse. We want to protect well-paid, permanent jobs long term and retain our place as the industry leader on pay, terms and conditions.

"Each strike day makes that more difficult, making Royal Mail's future more uncertain than at any time in its long history.

"The CWU has failed to respond to our latest invitation to meet to discuss change and pay, instead creating red herrings on the Universal Service, renationalisation and shareholder activity. The CWU is deflecting to avoid talking about the changes we need to make as a business.

"On the CWU's first strike day, more than 850 offices were operational as we worked to minimise customer disruption and keep people, businesses and the country connected.

"Over the Bank Holiday weekend, teams across Royal Mail have worked tirelessly to implement our recovery plans, ensuring NHS letters and critical government mailings were prioritised as we cleared the mail to return to normal service levels.

"We need the same commitment from the CWU's leadership to engage on change, this is the only way we can unlock more pay.

"Our future is as a parcels business. We must adapt old ways of working designed for letters to a world increasingly dominated by parcels and act fast.

"We cannot cling to outdated working practices, ignoring technological advancements and pretending that Covid has not significantly changed what the public wants from Royal Mail.

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

"We remain ready to talk with the CWU to try and avert damaging industrial action and prevent significant inconvenience for customers. But any talks must be about both change and pay."

Royal Mail shares were up 0.5% at 276.70 pence early Wednesday in London. The stock is down 44% in the past 12 months, however.

By Alan Jones, PA Industrial Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
13 Oct 2022 07:50

LONDON BRIEFING: Entain looks to World Cup; easyJet revenue improves

(Alliance News) - Stocks in London were called lower on Thursday as investors look ahead to an afternoon which may deliver the final nail in the coffin for hopes of a dovish tilt by the US Federal Reserve.

Read more
12 Oct 2022 21:15

Royal Mail workers set to walk out in fresh strike over pay

(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.

Read more
4 Oct 2022 17:02

LONDON MARKET CLOSE: FTSE 100 higher; Greggs boosted by strong sales

(Alliance News) - Stocks in London closed in the green on Tuesday as investor sentiment was positive on the back of the Reserve Bank of Australia's decision to slow the pace of interest rate hikes.

Read more
4 Oct 2022 08:46

LONDON MARKET OPEN: Stocks rise as market sentiment recovers

(Alliance News) - Stock prices in London opened sharply higher on Tuesday, lifted by more positive market sentiment following the UK government's tax U-turn, as well as some positive trading updates.

Read more
4 Oct 2022 08:21

TOP NEWS: Royal Mail is now named International Distributions Services

(Alliance News) - Royal Mail PLC on Tuesday confirmed its name has changed to International Distributions Services PLC.

Read more
30 Sep 2022 10:45

Royal Mail workers launch 48-hour strike over pay

(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.

Read more
30 Sep 2022 09:48

LONDON BROKER RATINGS: Berenberg likes AB Dynamics, Auction Technology

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
28 Sep 2022 09:07

Royal Mail to hold 19 days of strike action

(Sharecast News) - Employees at Royal Mail will hold 19 days of strike action over both pay and terms and conditions during the peak build-up to Christmas time.

Read more
27 Sep 2022 09:38

LONDON BROKER RATINGS: Berenberg likes Inchcape, cuts Devolver Digital

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
22 Sep 2022 12:09

LONDON MARKET MIDDAY: BoE raises key UK rate by half point to 2.25%

(Alliance News) - Stocks in London were trading in the red at midday on Thursday after the Bank of England raised UK interest rates by half a percentage point to 2.25%.

Read more
22 Sep 2022 10:37

Royal Mail calls for further talks with CWU as deadlock continues

(Alliance News) - Royal Mail PLC on Thursday said that after five months of talks, it has not been able to reach an agreement with the Communication Workers Union and hopes to take the union to the Advisory, Conciliation and Arbitration Service.

Read more
22 Sep 2022 10:27

Royal Mail looking to take union talks to arbitration

(Sharecast News) - Royal Mail said on Thursday that it wants to take talks with the Communication Workers Union to arbitration, having failed to make any progress over pay rises after five months, and that it will "review" agreements aimed at protecting jobs and conditions that were signed nine years ago when the company was privatised.

Read more
16 Sep 2022 17:02

LONDON MARKET CLOSE: Stocks in red; pound plunges on retail sales data

(Alliance News) - Stocks in London ended a difficult week in the red on Friday, as disappointing UK retail sales data sent the pound plunging and painted a gloomy picture about the nation's economy ahead of a major interest decision from the Bank of England next week.

Read more
16 Sep 2022 12:12

REPEAT: Pound at lowest since 1985 after UK retail data

(Alliance News) - Significant depreciation by the pound spared the FTSE 100 from losses on Friday, amid sour global market sentiment.

Read more
16 Sep 2022 12:08

LONDON MARKET MIDDAY: Pound at lowest since 1985 after UK retail data

(Alliance News) - Significant depreciation by the pound spared the FTSE 100 from deeper losses on Friday, amid sour global market sentiment.

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.