Royal Mail delivery managers to vote on strike action as hundreds of jobs could be axed May 31, 2022 Delivery managers at Royal Mail will be balloted for strike action, with union bosses warning there could be parcel delivery chaos this summer. Postal workers are unhappy with plans to slash some 524 frontline delivery manager roles, with Unite the union declaring there would be a ballot. Some 2,400 managers will decide on whether to [...]
Royal Mail under fire for wrongly charging British customers £150 ‘Brexit tax’ May 30, 2022 Royal Mail is under fire from angry Brits for reportedly charging incorrect Brexit import fees on deliveries from the European Union. The mail giant wrongly slapped fees on items customers already own. One man was charged around £200 for a pair of glasses to be sent back from a hotel in Spain, according to a [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Royal Mail warns against further price rises as it fails to keep up with pandemic momentum May 19, 2022 Royal Mail posted humble results this morning with revenue down 1.6 per cent year-on-year reflecting changing consumer behaviour following removal of lockdown restrictions and lower international volumes.
Royal Mail set to post this week after job cuts May 15, 2022 The City will be looking out for signs that Royal Mail has made significant cost savings following substantial job cuts when it updates the market this week. Earlier this year, the company announced plans to axe 700 management jobs in a bid to reduce costs by about £40 million a year after experiencing a dip [...]
Royal Mail bets big on 500 drones for 50 new aerial postal routes across UK in push to make air deliveries take off May 12, 2022 With the creation of 50 new “postal drone routes” over the next three years, Royal Mail said it plans to increase its use of drones for deliveries. Under a partnership with logistics drone company Windracers, and subject to Civil Aviation Authority approval, the move will provide faster and more convenient services for remote communities, said [...]
Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay April 20, 2022 Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]
Ofcom urged to probe Royal Mail’s performance as millions of Brits are left without mail February 17, 2022 Close to 15m people were left waiting for post over the Christmas period, including 2.5m who missed important documents, health appointments, or were unable to pay a fine or bills, according to new research. More than half of those left waiting (54 per cent) reported going at least a week without letters, while 3 per [...]
Royal Mail set to cut 700 management jobs as it grapples with Omicron sting January 25, 2022 Royal Mail has warned against the lingering impact of Omicron this morning as it enters a formal consultation on reorganising to streamline processes, with an expected £40m annualised benefit for the firm.
Ofcom packages up better customer protection in line with delivery boom December 9, 2021 Ofcom have proposed new protections this morning to bring stronger guidance for parcel delivery and improve the way firms handle complaints.