Tag: UK

Fortec profit rises 12.5%

Fortec Pallet Distribution Network says it made a profit of £35,000 for the 2005 financial year, up by 12.5% on 2004.
The rugby-based company celebrates its 10th anniversary this month, moved nearly half a million pallets last year and predicts a further volume increase during 2006 of up to 19%.

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UK government under fire for removing business from POs

The Government came under renewed attack last night over its plans for the post office network. Ministers were accused of stripping business away from post offices without first deciding how big a network of offices it would keep and of causing “deep offence and concerns” to pensioners by scrapping the Post Office Card Account. The first accusation came from Aberdeenshire West and Kincardine Liberal Democrat MP Sir Robert Smith. He launched his attack following Commons exchanges in which Scotland Minister David Cairns said it was up to regulator Postcom how many offices would be needed to keep the legal requirement for Royal Mail to maintain a universal service. Sir Robert said maintaining a network of post offices in rural Scotland could not be done on the back of Royal Mail’s universal-service obligation, which had a “very minimal base”.

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Union attacks Royal Mail after pay rise imposed

The postal workers’ union bitterly attacked Royal Mail yesterday after the group said it would award a 2.9 per cent pay rise rejected by the union’s leaders. The Communication Workers’ Union said it wanted further talks on the offer and that imposing the deal was “premature and a blatantly hostile act”.
Dave Ward, deputy general secretary, said: “With Royal Mail’s prevailing attitude, a confrontation seems inevitable in the near future.” But Royal Mail said the staff were entitled to the money. “It is backdated to the beginning of April and it is right they should get it now.” The settlement follows payment last year of a bonus of Pounds 1,074 to its employees as reward for their co-operation in returning it to profit over the previous three years.

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