Royal Mail says strikes have cost it £200m

The owner of Royal Mail says the recent wave of strikes at the postal firm have cost it £200m so far. The dispute with workers in the Communication Workers Union has led to 18 days of walkouts since August. Royal Mail owner International Distributions Services said the letter and parcels business had lost £295m in the nine months to the end of December. The dispute with the Communication Workers Union has been going on since the summer, and seven days of strikes in December led Royal Mail to bring forward its last-suggested posting dates for Christmas mail. Separately, Royal Mail said the number of people it needed to volunteer for redundancy to meet plans to cut 10,000 posts by August would be "Significantly" lower than first expected.

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