Royal Mail insisted it was not planning further job losses
Cautioning over possible further price hikes, Royal Mail has revealed plans to ramp up cost cutting.
It said it was also keeping its prices under constant review to combat rising inflation, which comes after it recently hiked the cost of posting letters by an average of around 7%, and parcel prices by an average of about 4%, on top of a fuel surcharge. Chief executive Simon Thompson told the PA news agency the group remains in “intense discussions” with the Communication Workers Union as they look to agree on pay.
But its figures showed UK full-year parcel deliveries still rose 31% against levels seen before the pandemic struck, while letter mailings were 18% lower on a two-year comparison. Year-on-year, parcels fell 7% on the lockdown boosted previous year, while letters rose 3% thanks to the lifting of restrictions.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Royal Mail shares crash as City fears a big fight with unions over payROYAL MAIL today ramped up its cost cutting plans and said prices would have to rise, potentially setting itself on a collision course with already fractious staff and with the City.
Read more »
Cost of living: Royal Mail to raise prices and cut costs as 'significant' headwinds hitRoyal Mail has said it will need to rise prices and cut costs in the face of soaring inflation.
Read more »
7 royal-inspired London hotels to book for the Platinum Jubilee bank holidayLooking for the best royal-inspired hotel packages to enjoy over the Queen's Platinum Jubilee Weekend? Discover 7 luxury hotels in London to book for the bank holiday.
Read more »
Royal tours of Caribbean to be axed to avoid ‘protests’ – ‘Evolving toward republics’ROYAL TOURS of the Caribbean will likely be scrapped in order to avoid potential the protests and demands, a royal historian has told Express.co.uk.
Read more »