Royal Mail management review on hold
The Royal Mail, which last week called for a 6p hike in stamp prices, has shelved a controversial management shake-up.
Insiders had said the state-controlled group was looking to introduce new pay scales and positions, meaning staff would have been forced to reapply for their own jobs. The Amicus union was known to be concerned, and told The Independent on Sunday last autumn that it was seeking meetings with senior management over the issue.
However, Royal Mail, which is striving to reduce costs in the face of stiffer competition, has decided to shelve the review while it focuses on investing fresh funds in the business. The Government has pledged to provide more than GBP 2bn, a large portion of which will be used to modernise sorting machinery.
