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

TOP NEWS: Royal Mail Attacks Union As Strike Ballot Approaches

Wed, 18th Sep 2019 15:48

(Alliance News) - Royal Mail PLC on Wednesday criticised a union for preparing industrial action, ahead of a ballot of union members.

Royal Mail said the Communication Workers Union is to ballot members to go on strike, with all members to be balloted. The earliest start date for the ballot is September 24.

Over 100,000 Royal Mail workers are members of the union, well over half the company's 162,000 employees.

"We will be urging our colleagues to vote 'no' in the upcoming ballot. Industrial action, or the threat of it, undermines the trust of our customers. It makes it harder for Royal Mail to pay for the existing industry-leading terms and conditions it provides," said Royal Mail.

"Royal Mail is committed to further talks as a matter of urgency. We believe there are no grounds for industrial action. We remain committed to open and constructive engagement with the CWU. We all want a successful and sustainable company that provides good quality jobs, fairness in workloads, and continues delivering a sustainable universal service."

The dispute has flared over implementation of a so-called Four Pillars Agreement reached last year between the union and Royal Mail. The union has claimed a culture of bullying in the workplace had not been tackled, with local CWU officers being disciplined.

Royal Mail shares were 3.8% lower on Wednesday afternoon at 217.70 pence each.

Related Shares

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 coffi...

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 pl...

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 de...

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 ...

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.

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.