News That Matters

Tag: Postal

Royal Mail wins bid to halt Christmas postal strikes

Royal Mail wins bid to halt Christmas postal strikes

Business
Royal Mail has won its legal battle to prevent a postal strike after the High Court backed its application for an injunction.The decision is a setback for union plans to stage strikes in the run-up to the general election and Christmas.Last month, 100,000 Royal Mail staff were balloted and voted to take action over job security and terms.But Royal Mail argued that the ballot had "potential irregularities" and was null and void.The Communications Workers Union (CWU) said its members were "extremely angry and bitterly disappointed". It also accused Royal Mail of a "cowardly and vicious attack on its own workforce" and said it intended to appeal. Royal Mail workers vote for strike action Royal Mail fails to halt record £50m Ofcom fine Shane O'Riordain, dire
Royal Mail seeks injunction to stop postal strike

Royal Mail seeks injunction to stop postal strike

Business
Royal Mail is seeking a High Court injunction to stop a postal strike, claiming that the ballot of workers had "potential irregularities".The company said it would make a formal application on Friday that the strike ballot "was unlawful and, therefore, null and void".A strike threatens to disrupt postal voting in the run-up to the general election as well as Christmas post.The Communications Workers Union says it "refutes" Royal Mail's claim.The ballot of 100,000 Royal Mail staff was held over job security and terms. No dates for a strike have yet been set.Members of the Communications Workers Union (CWU) last month voted by 97% in favour of a nationwide strike, saying the company had failed to adhere to an employment deal agreed last year. Royal Mail rej...
Postal department to spin off life insurance business into separate unit

Postal department to spin off life insurance business into separate unit

Finance
The postal department plans to spin off the postal life insurance and rural postal life insurance operations into a separate business unit (SBU) for which it has moved a Cabinet note, Communications Minister Manoj Sinha said Wednesday. "For postal Life Insurance and rural postal life insurance we have moved a Cabinet note. In the first phase it will involve creation of an SBU and in second phase a full fledged insurance company," Sinha told reporters on the sidelines of an event to mark the second anniversary celebration of India Post Payments Bank (IPPB). The Minister hoped that the Cabinet approval would be received in next fortnight or so. Sinha said IPPB has rolled out 1.26 lakh access points over the last five months and over the next week or 10 days the number is expected to rise t...