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Royal Mail to focus on pandemic-driven parcel growth as union dispute ends
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Royal Mail wrangles huge backlog, suspends some services Jo Francis Tuesday, December 22, 2020
There’s a glimmer of good news at Royal Mail, which has reached an accord with the CWU after a long-running dispute. However, pre-Christmas chaos caused by a huge increase in parcel volumes combined with new Covid-19 restrictions has caused the group to suspend some of its usual delivery guarantees.
Royal Mail: dealing with exceptionally high volumes
Today (22 December) the Communication Workers Union (CWU) said it had reached an agreement with Royal Mail Group on job security, pay, a reduction in the working week and a growth strategy to create our future .
Read online at https://workersliberty.org/node/36573
CWU s 98% yes vote in consultative ballot Submitted by martin on 22 December, 2020 - 9:38
Author: Colin Foster
Communications Workers Union (CWU) members in BT, Openreach, and EE have voted 97.9% yes to industrial action with a turnout of over 74%, in a consultative ballot closing 10 December.
The union has said: CWU members have fired a very clear warning shot across BT’s bows that, unless bosses change direction on their vicious programme of compulsory redundancies, site closures and attacks on pay, terms and conditions, the company is on a direct collision course with its workforce .
CWU has also announced (22 December) that its Postal Executive has ratified a two-year pay and conditions agreement which marks the end of our two year dispute with Royal Mail Group .
The Royal Mail share price outperformed the FTSE 100 in 2020
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Those who bought
Royal Mail Group(LSE: RMG) shares at the start of 2020 have done very well indeed this year. While many
FTSE 100 stocks are still way down, the Royal Mail share price has gained 40% as we approach Christmas.
It wasn’t always this good during the Covid-19 crisis. Back in April, Royal Mail shares had plunged by 45%, continuing the slide that has been going on for years. But that means some Royal Mail investors have done even better. Those who were fortunate to get in right at that bottom have seen their investment grow more than two and a half times.
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