Mar 28, 2023
Royal Mail talks over pay on brink of collapse
Talks to resolve a long running row between Royal Mail workers over pay and conditions are close to collapse. The Royal Mail board has been reported as threatening to put the company into administration if a deal isn't reached. "Administration is a real possibility for Royal Mail if the industrial action continues. It is not a negotiating ploy," the source told the BBC. The government would have to approve a move into administration. Royal Mail is also trying to make changes to the way postal staff do their jobs including changes to start times and sick pay. Royal Mail has said it is losing £1m a day and that it is projected to lose more than £350m for the financial year ending in April.
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