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Royal Mail talks over pay on brink of collapse

Pip Haywood, managing director of online card company Thortful, has calculated that each day of action is costing the firm up to £50,000 a day. Postal worker walkouts coincide with the busiest time of year for Royal Mail when people and businesses are sending Christmas cards and presents. Chairman Keith Williams has said that the firm is losing £1m a day as parcel volumes fall and efforts to modernise the business stall. Postal worker Hannah Carrol, who is part a strike at Whitechapel in East London, said she wanted to see wages rise in line with the growing cost of living. General Secretary Dave Ward said workers faced the “biggest ever assault” on jobs, terms and conditions “in the history of Royal Mail”.

The long-running dispute has seen workers and management at loggerheads, leading to industrial action including a strike over Christmas, with further possible strikes. “Instead of working with us to agree on changes required to fund that offer and get pay into our posties’ pockets, the CWU has announced plans to ballot in the New Year for further strike action.” “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.

  1. The planned 19 days of industrial action include Black Friday week and Cyber Monday, as well as 13, 20, and 25 October, and 28 November.
  2. Letters will not be delivered on strike days and some parcels will be delayed, Royal Mail warned.
  3. On Tuesday, a separate set of figures from the ONS revealed that the gap between wage growth in the public and private sector is near a record high.
  4. General Secretary Dave Ward said workers faced the “biggest ever assault” on jobs, terms and conditions “in the history of Royal Mail”.
  5. The company has been beset by recent problems, including the prospect of further strikes, and a cyber attack which disrupted overseas mail.

Watch Make Sense of Strikes on iPlayer and find out more about why people are striking and whether industrial action works. He described the plans as an “asset-stripping business plan” that will tron trx to bitcoin btc exchange lead to the break-up of the company. IDS bosses said they were not aware of whether personal attacks from either politicians or unions played a part in Thompson’s decision to step down.

The rate at which prices are rising, known as inflation, is running at nearly 11%, which remains close to a 40-year high. Evri, the delivery company formerly known as Hermes, said that severe weather, Royal Mail strikes and staff shortages are causing “some localised delays”. Some parcel companies claim the walkouts are having a knock-on effect, and forcing them to delay next-day deliveries as people and firms seek alternative ways to send their post. Complete digital access to quality FT journalism with expert analysis from industry leaders. However, bosses have not ruled out plans to potentially break up the business. We feel we’re moving forward, but it is still an option if we don’t,” Williams said.

The government’s emergency Cobra committee will hold its second meeting of the week later to discuss how to minimise the impact of the wave of industrial action. And on Friday, rail workers, buses, baggage handlers, highway workers and driving examiners will walk out. Around https://www.topforexnews.org/software-development/wizardsdev-fintech-development-company/ half of rail lines are shut again on Wednesday, with no services at all in most of Scotland and Wales. “It’s meant we’ve had to staff up to protect our customers,” she told the BBC, with three times as many requests for advice on delivery windows from shoppers than usual.

Read more about how we personalise ads in the BBC and our advertising partners. Picket lines have been mounted outside Royal Mail offices on the sixth day of action in recent months.

Lucy Bryant, who runs her small business Haus of Lucy from Brighton, says she supports the strikers as “everyone has a right to fair pay”. The company is encouraging people to post items as early as possible to avoid disruption. Thompson, who took on the job in early 2021, will leave in October after a bruising tenure that included being accused of “incompetence or cluelessness by MPs”.

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It said plans by the postal service include cutting workers’ sick pay, delaying arrival of post by three hours and inferior terms for new employees. The planned 19 days of industrial action include Black Friday week and Cyber Monday, as well as 13, 20, and 25 October, and 28 November. Royal Mail workers are holding the first of 19 strikes in a long-running dispute over pay and conditions. Royal Mail has reported a £1bn loss, with bosses blaming strike action by workers and a failure to increase productivity for its poor performance during a year in which it cut 10,000 jobs. At the time, Mr Ward said the union’s leaders did not believe more strikes were the right thing to do but there might come a time when more industrial action is called. “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.

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The CWU said that in real terms, the offer was equivalent to a 2% increase, with workers squeezed by inflation and the cost of living crisis. The postal company and the Communication Workers Union have reached an “in principle” agreement over pay and employment terms. Royal Mail and union negotiators have reached an agreement which could signal the end of a long-running pay dispute. The Royal Mail industrial action will span over 19 days in the run-up to the busy Christmas period and will cover peak periods such as Black Friday on 25 November and Cyber Monday on 28 November. The business says modernisation is essential if the company is to improve its parcel delivery service.

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The union has called for Royal Mail to increase wages to an amount that “covers the current cost of living”. It comes as Royal Mail said the Communication Workers Union (CWU), which represents the strikers, had rejected a pay rise offer “worth up to 5.5%” after three months of talks. On strike days it will deliver as many Special Delivery and Tracked 24 parcels as possible, it said.

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Williams said there was now a “clear path towards a more competitive and profitable Royal Mail, delivering improved services for our customers while further reducing our environmental impact”. Together, those problems overshadowed https://www.day-trading.info/harmonic-pattern-trading-livre-numerique-guide-to/ what IDS said were successful efforts to cut costs and “rightsize” the business in the second half of the financial year. Royal Mail had previously offered a one-off payment plus a pay deal it says is worth 10% over three years.

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