Greed will kill off UK Royal Mail, warns post boss
Post Office workers poised on the brink of strike action were urged by their new boss today not to “kill the company through greed”.
Royal Mail chief executive Adam Crozier told The Daily Telegraph that he feared there would be a strike which would not only be bad news for customers, but workers too.
More than 160,000 postal workers were balloted by the Communication Workers Union (CWU) after peace talks broke down last month. The result is expected to be announced next week.
Mr Crozier, who took up his job six months ago, told the newspaper the company had put in a final pay offer of 14.5% over 18 months.
But he said: “We can’t fund a pay rise of this magnitude without some changes in practice. This company lost £611 million last year – where do they think the money will come from? They have to be realistic.”
He added: “We want to help, but we need to do it in a balanced, sensible way. Don’t kill the company through greed.”
The Daily Telegraph reported that unions were unhappy about proposed redundancies.
Mr Crozier said the redundancy figure was 30,000, and 13,000 had already left voluntarily.
