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Stock impact report

Workers from Royal Mail's largest UK union could strike next month [Reuters]

INTERNATIONAL DIST U/ADR (ROYMY) 
NASDAQ:AMEX Investor Relations: royalmailgroup.com/investor-centre
Company Research Source: Reuters
Workers from Royal Mail's largest UK union could strike next month Feb 21 (Reuters) - Royal Mail’s largest labour union said on Friday it could call a strike as early as next month, raising the threat of a first national stoppage in a decade at the former British postal monopoly. Hopes for a settlement grew on Thursday when Royal Mail proposed a 6% pay rise as part of a three-year deal with the Communication Workers Union (CWU). But the CWU said on Friday that there are broader issues at stake as the Royal Mail, which employs around 143,000 people in Britain, seeks to adapt to an era in which fewer letters are sent and the focus shifts to parcels. “The pay offer is not linked to the dispute. We are balloting on the direction of the company, them breaching national agreements, the culture of the workplace,” the CWU said on Friday. “The ballot is definitely still going ahead. Papers are dispatched on March 3, (it) closes on the 17th and the earliest we could call action would be March 3 Show less Read more
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