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Consignia talks at Acas despite strike threat

CONSIGNIA, the troubled postal group, has told union leaders that it will tolerate token industrial action as a means of keeping protracted pay talks going.
The Communication Workers Union last week won a ballot for industrial action and has 28 days to implement it. Union leaders are due to meet tomorrow to discuss what type of action might be taken.
Both sides have said they want to carry on negotiations at Acas which today enter their third week. If the union takes no action within 28 days it will lose its mandate and will be forced to reballot.

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Post Office insists staff pensions are not at risk

THE Post Office yesterday lambasted as “alarmist and speculative” fears that the axing of tens of thousands of jobs in the face of crippling losses could trigger a black hole in its pension fund.
The Post Office, now renamed Consignia, was responding to a weekend report that there could be a pensions shortfall of £600 million, according to a report by accountants Arthur Andersen for Postcomm, the company’s regulator.

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UK Courier demand set to grow

Demand for courier services in the U K has increased by 17% over the last five years and will grow a further 11% by 2006, says a new report from MSI.
The impact of electronic transmission has been reduced k the development of new market sectors, with electronics. IT and telecommunications companies ironically leading the way.

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Union to decide on post service strike

Leaders of 145,000 postal workers will meet tomorrow to decide whether to call a series of strikes as part of a campaign to win a 5% pay rise.
The Communication Workers Union executive meeting follows an overwhelming vote in favour of industrial action.

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Japan Post Participation in 2003 Fund Market

The Japanese Ministry of Public Management plans to let the public postal corporation, to be created in spring 2003, participate in the call market, a short-term fund market for financial institutions, the Nihon Keizai Shimbun reported in its Monday edition. If the plan materializes, the corporation will be allowed to pump postal deposit and insurance funds, totaling Y2-3 trillion, directly into the market, making it the largest fund supplier in the call market.

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