This is not his first head-to-head with the CWU since joining the company. Lastly, investing in print and post solutions, like our Hybrid Mail service, will free up more time for your employees. The two sides had been holding talks at the conciliation service Acas on Monday before Royal Mail announced its increased pay offer and proposed changes to working practices. In 2021, Ellie graduated from Cardiff University with a first-class degree in Journalism. Ensuring your audience receives their mail on time and effectively is of the essence. Royal Mail put 10p on a first class stamp and 2p on a second class last month but is considering further rises. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. On Thursday afternoon, the FTSE 250 firm offered workers affiliated with the Communication Workers Union (CWU), around 100,000 members of its staff, a 6% pay rise over the next three years which it said will amount to an increase of more than 16% between 1 April 2018 and 31 March 2023. 4 March 2022. Royal Mail expects its plans to help to save around 220 million pounds ($297 million). More recently, Royal Mail has offered a pay deal which it says is worth up to 9% over 18 months. Civil servants at 123 Government departments and agencies will also strike on March 15. However, it is likely there will be some disruption to the following services on days of industrial action: During the Royal Mail strike action our Post Office branches are still open as usual, however we strongly advise to post early as there will be a delay to mails. Ellie joined Goodto as a Junior Features Writer in 2022 after finishing her Masters in Magazine Journalism at Nottingham Trent University. This product will be available to all destinations where we currently offer International Tracked and/or International Tracked & Signed. It has been estimated the four days of strikes will cost Royal Mail 100m, with each day worth 10m and 15m in lost letter and parcel revenue respectively. In addition to rejecting the pay offer, the CWU objects to proposed changes to working conditions, such as ending a number of allowances and the introduction of compulsory Sunday working. . Read about our approach to external linking. The previous wage deal consisted of a 2pc rise. "Despite nearly three months of talks, the CWU have not engaged in any meaningful discussion on the changes we need to make to adapt," a statement added. The CWU has criticised Thompson for failing to attend the talks at Acas on Monday, where the CWUs general secretary, Dave Ward, was present. In 2020, the Daily Express reported (opens in new tab) that postal worker salaries at Royal Mail can range from 13,007 - 34,582, and that the hourly rate is thought to be between 10 and 11. Its relatively new chief executive, Simon Thompson, will give a fuller update on the group's performance in May. Door to Door rate cardpdf, 423.42 KB - effective 27 March 2023. On Monday, the UK government said it had cleared Royal Mails largest shareholder Vesa Equity Investment, an investment vehicle controlled by the Czech billionaire Daniel Ketnsk to increase its stake above 25%, after a national security review into the companys ownership. Back then, Royal Mail delivered 17bn letters a year, but that number has fallen to 7.8bn. The deal seems even less likely to secure support from workers after the CWU said on Thursday night that the company was not serious about the pay offer and they were playing to an audience in a bid to avoid a national postal strike. This increase is expected to be announced in December 2022. . However, despite implementing the pay rise, executives argue they have not seen the change they demanded at its delivery offices. Royal Mail has been working on a transformation plan to shift its focus to parcels amid sliding letter volumes, but its proposals to take the pay dispute to arbitration and change its policies had angered the CWU. Bosses say Royal Mail is losing 1m-a-day and needs to be overhauled in order to balance the books and avoid a greater number of job losses. Unless we become more efficient we will run into trouble. We need to adapt our business to a post-pandemic world and whilst we are making progress in some areas, more needs to be done in others. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , Queen Elizabeth IIs passing and questions surrounding King Charles IIIs new insignia, there has been a lot of turbulence. Nurses have had 14%. The drop was partially offset by the distribution of Covid test kits, but overall, parcel demand across the UK fell 7% year on year. Royal Mail shares were 1% lower at 180.7p in early trading on Friday. As no one is building up any further benefits in the RMSPS, no contributions are paid to the Scheme. The latest job cuts follow Royal Mail's. Thats not bad., Dave Ward, the CWU general secretary, said this week: Postal workers in this country are being pushed to the edge, but there can be no doubt that they will fight the planned erosion of their workplace rights with determination. (Carl Court / Getty Images) Under this doomsday scenario, Royal Mail would be split off from its international arm, GLS, which has provided the engine room for profits in recent years. Invest in multichannel communication platforms, If you want to streamline your outbound communication, physically and digitally, we recommend you invest in a. helps organisations automate the production and distribution of outbound mail securely and effortlessly. We value the work we do with CWU and remain committed to agreeing a deal., Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Just give us a proper pay rise and leave our terms and conditions alone 22nd Dec 2022 - Bella Caledonia Editor - Bella Caledonia - 7 views Voices for Independence Royal Mails new offer came a day after the CWU called off a fresh series of planned strikes over the next two weeks, after a challenge by the company. Many notices are now delivered, Rather than disturbing your customers with unnecessary letters and parcels, great data management will ensure your. Royal Mail workers have been offered a 2% pay rise, backdated to April, and further benefits equivalent to a 3.5% increase if they agree to changes in working practices to support the. It is an outstanding effort delivered during unprecedented times from key workers The CWU are immensely proud of our members and even more determined than ever to get the reward, recognition and pay rise that these results prove they deserve.. Data delayed 15 minutes unless otherwise indicated. The union has been told a 3.5% is available subject to further talks and agreements, which would total a 5.5% rise. I think we can all agree regardless if we are MC staff or a delivery postie. Royal Mail, the British arm of parent International Distribution Services (IDS) (IDSI.L), earlier this month said it could cut up to 10,000 jobs and warned of more layoffs if planned strikes go ahead and warned of deeper losses this year. To keep up to date on the level of International Surcharge please visit royalmail.com/surcharges. "Further strikes and resistance to transformation by CWU will only make our financial position worse, and threaten the long-term job security of our postmen and women. More than 115,000 Royal Mail workers have voted to go on strike in a dispute over pay. But opting out of some of these cookies may have an effect on your browsing experience. Some are necessary to help the site work properly. The increase will take effect from 12 April 2022. A further 3.5% increase was made available, subject to agreeing on a. The UKs universal postal service is currently experiencing a wave of trade union strikes, and due to inflationary pressures and rising costs, the Royal Mail price increase 2022 is forecasted to take place earlier than usual. The pay offer comprises a 5.5% increase for the current financial year, including 2% that has already been paid. But weve got to be as or more efficient than other companies. The RMSPS was set up by the government to pay the pensions of Royal Mail Group employees who had built up funds before 1 April 2012 in the Royal Mail Pension Plan. He said the union was not opposed to modernisation, but modernisation seems to be about workers having to work harder and faster for less pay. Please visit royalmail.com/aircarriersupplements for current air carrier supplement prices (valid until 2 January 2023). From 1 January 2023, Royal Mail will only accept franked mail from a Mailmark franking machine. Dry your eyes mate. About our CWU news. To applause from members, Ward said Royal Mail workers need to see a pay rise now that reflects that they have turned the fortunes of the company around, and the cost of living crisis. Here's everything we know so far, including when is Royal Mail on strike and whether Post Offices will be open. Royal Mail has said the union had rejected a pay rise offer "worth up to 5.5 per cent" after three months of talks. Dave Ward has said of the result: "This vote is a historic testament to CWU members across the country who have stood firm against the most severe attacks faced by any set of workers since the miners. All quotes delayed a minimum of 15 minutes. International Business Mail Services rate cardpdf, 2.79 MB - valid from 3 January 2023, International Business Parcels rate cardpdf, 1.31 MB - valid from 3 January 2023. These non-necessary cookies count visits to this website, collecting data via analytics and online advertisements. More specifically, the Royal Mail postage price increase 2022 incurs a: In April 2022, there was a Royal Mail stamp price increase of 10p, raising the cost of a first-class stamp from 85p to 95p. Our deal of the century with backdated pay and additional 1% this year was at best mediocre and given how much everything is increasing in price this is effectively a reduction of pay. The union said over the weekend that it had decided to withdraw industrial action notices up until 12 November, after a letter from Royal Mails legal team. Royal Mail's revenues will be at least 900m higher than a year ago, at around 8.6 billion. In the opposite corner is the Communication Workers Union, self-described as the strongest union in the UK. England and Wales company registration number 2008885. The UK rump would be left with mounting losses, and a costly universal service obligation to deliver parcels and letters to the most remote parts of the UK, leaving it hamstrung against competitors, the largest of which, such as Amazon and Evri formerly Hermes are foreign owned. Our Standards: The Thomson Reuters Trust Principles. That is in the best interests of Royal Mail and all its employees.". 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