Ingersoll-Rand has appointed Hays Logistics to manage the UK distribution of its static and mobile compressor units. Hays will manage the operation from Ingersoll-Rand’s air solutions site in Wigan, where it will base five of its drivers and two managers.
Read MoreStruggling Royal Mail is facing a new crisis after more than 30,000 postal workers in the capital launched an unofficial campaign – backed by threatened strikes – for a big increase in London weighting.
Royal Mail, which is losing £1.1m a day and faces tough talks with its regulator over price increases today and tomorrow, has made clear it will reject the claim – which has been sent personally to Allan Leighton, its chairman – and resist a threat to national pay bargaining.
Read MoreNew post watchdog Charles Winstanley has branded the Royal Mail a ‘Victorian structure’ and warned that post offices in East Anglia face a bleak future.
Dr Winstanley, chairman of Postwatch East of England, believes the outlook for tens of thousands of staff is bleak as the Royal Mail Group falls behind competitors from leaner firms.
Read MoreLossmaking postal organisation Royal Mail could be saddled with a pounds 2m a year bill after its regulator Postcomm recommended that it should be struck off the list of businesses that are exempt from the London congestion charge. Postcomm’s recommendation is likely to sour relations between the two organisations, already at odds over a complex price capping formula for postal costs. Royal Mail said this week that it hopes to persuade Transport for London (TFL) that it need not pay the charge, because it is under an obligation to provide a universal service. Competitors can pick and choose their business, Royal Mail argues, but the organisation must deliver any letter costing under pounds 1 to post, no matter how much it costs to deliver.
Read MoreConfusion reigned yesterday over an official statement by the Department of Trade & Industry that it planned to issue pounds 500m of its own bonds to bail out the Royal Mail. Traditionally, only the Treasury is allowed to borrow money by issuing gilts, or government bonds. The system stops all the different arms of government wildly running up liabilities and ensures the Treasury keeps a tight grip on the finances. Consolidating public debt also makes certain the best possible rate of interest is obtained from the market.
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