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Deal to End UK Royal Mail Postal Strike

Companies / Corporate News Oct 13, 2007 - 10:17 PM GMT

By: Sarah_Jones

Companies

Union and Royal Mail Management announced a deal on Friday that looks set to bring the highly damaging postal strike to an end that has seen chaos in the UK's postal system for near 2 weeks. However details of the deal have yet to be presented to the Unions Executive on Monday.


The strike was called in response to Royal Mails demands for modernisation of working practices and changes to salary and pension schemes to make the Royal Mail more competitive as it faces increasing competition from new smaller operators such as DX which has seen a surge in orders during the strike.

The official strike started with 2 day stoppages 2 weeks ago, and was followed this week by widespread wildcat strikes by thousands of postal workers that increasingly look set to continue.

Even if the strike ends, there is a huge backlog of mail that will take several weeks to clear and will leave Royal Mail with lasting damage in lost business to competitors.

By Sarah Jones
(c) Marketoracle.co.uk 2005-07. All rights reserved.

The Market Oracle is a FREE Daily Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from over 100 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Sarah Jones Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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