Aug 16, 2017

Royal Mail union extends deadline to settle pension dispute

Royal Mail has been set a September deadline by a trade union to resolve a simmering dispute over pension reform - or face industrial action. "We have designed a timetable to give Royal Mail Group a further chance to move things forward sufficiently that we don't have to give notice for industrial action. That of course is our key objective - to reach an agreement here," said Terry Pullinger, CWU deputy general secretary, in a video posted on the union's Facebook page. Royal Mail wants to replace its defined benefit pension scheme, which guarantees a level of income in retirement, with a less generous arrangement. Royal Mail said it was "Committed" to continuing negotiations with the CWU on pay and pensions. Following union opposition, Royal Mail this summer made an improved offer to staff.

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