Tag: Royal Mail

Postal strike looms as Royal Mail talks break down

Posted by | Jun 26, 2006 | |

The Communication Workers Union is expected to take a step closer to its biggest confrontation with Royal Mail in a decade by calling a ballot on industrial action later today which could lead to the first national postal strike since 1996.

The union is at loggerheads with Royal Mail over its decision to impose a 2.9% pay deal, which it had rejected. The CWE is also concerned about the possibility of big job losses, increases in part-time working and Royal Mail’s plans to offer up to 20% of the shares in the company to workers – a move the CWU regards as backdoor privatisation.

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UK Royal Mail chiefs to meet staff in bid to avert strike over pay

Posted by | Jun 25, 2006 | |

The Royal Mail will this week meet hundreds of senior managers and their union representatives as the state-controlled postal giant seeks to prevent a walkout over pay.

Its chairman, Allan Leighton, and chief executive, Adam Crozier, will meet the staff on Wednesday and Thursday. Dave Ward, deputy general secretary at the Communication Workers Union (CWU), will also be present.

Mr Leighton and Mr Crozier have held meetings with their managers before, but this is the first time that union representatives have been invited to accompany them.

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UK Royal Mail faces first national strike since 1996

Posted by | Jun 25, 2006 | |

Postal unions are poised to call for the first national strike in a decade tomorrow after rejecting a pay deal with the Royal Mail following talks last week.

The postal executive of the Communication Workers Union is expected to recommend strike action to its 150,000 members when it meets tomorrow. The decision follows intensive talks over a 2.9 per cent pay offer that has been imposed on employees.

During negotiations on Friday between Royal Mail head of personnel Tony McCarthy and the CWU’s deputy general secretary Dave Ward, the Royal Mail offer was increased to around 3.5 per cent.

However, sources indicate that the deal did not include allowances and overtime. The union claims this reduces the value of the offer considerably, and that the membership will support calls for industrial action.

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Post Office to install 1,500 free ATMs in branches

Posted by | Jun 22, 2006 | |

The Post Office today announced plans to install an extra 500 free-to-use automated teller machines (ATMs) in its branches – on top of the 1,000 it had already committed to roll out within the next five years.

Alan Cook, Managing Director of Post Office Ltd, said the expansion in free-to-use ATMs underlined the Post Office’s vision to be a universal provider of free cash access for its customers.

The Post Office, under an agreement with its financial services partner, Bank of Ireland, announced last summer that 1,000 free-to-use ATMs would be installed in the network. The Post Office also confirmed its intention to withdraw from its involvement with third party fee-charging ATM suppliers.

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UK Royal Mail acts to honour pensions Trustees agree deal to pump pounds 750m a year for 17 years into deficit.

Posted by | Jun 21, 2006 | |

Royal Mail has struck a deal to clear its pounds 5.6bn pension deficit in what is the largest settlement so far over retirement black holes.

Under terms agreed with pension fund trustees, Royal Mail will pay up to pounds 750m annually for 17 years into the 450,000-member scheme.

The move comes as Royal Mail’s management is battling a host of problems, from pounds 2m-a-week losses at its rural Post Office network to increased competition in letter delivery from private companies.

To close its huge pension fund gap, the publicly owned group will have to dramatically lift annual contributions.

They will go up from pounds 480m last year to about pounds 750m this year and in future years.

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