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Royal Mail has warned up to 1,000 jobs could be axed under plans put forward to the industry watchdog to scrap second-class letter deliveries on Saturdays and cut the service to every other week day.
Royal Mail says it has its “best and final offer” amid at resolving a long-running dispute over jobs, pay and conditions. Members of the Communication Workers Union (CWU) have held a series of ...
The Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distributions Services. It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels). The company used the name Consignia for a brief period in the early 2000s but changed it afterwards.
Simon Thompson. Simon Thompson (born August 1966) [2] is a British business executive, who has been the chief executive (CEO) of Royal Mail since January 2021. Thompson's appointment as CEO was announced on 11 January 2021. [1] Thompson will receive a salary of £500,000, plus a pension of 13.6% of base pay (about £71,400 a year) and bonuses ...
“When Royal Mail bosses are raking in £758 million in profit and shareholders pocketing in excess of £400 million, our members won’t accept pleads of poverty from the company.
In 2007, the government gave a £1.7 billion subsidy to Royal Mail Group so that it could turn a profit by 2011. This was to be used to invest across the whole network of Royal Mail, Post Office Limited, and Parcelforce. Eighty-five Crown post offices were closed, 70 of which were sold to WHSmith. This followed a trial of six Post Office ...
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It came as IDS told shareholders that Royal Mail suffered a £219 million operating loss over the first half of its financial year, tumbling from a £235 million profit a year earlier.