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Balance sheet preservation is now the priority
Postal service says it needs to scale back service to ease financial pressures
Royal Mail postal strikes set to cause disruption during the busy sales period
Founded in 1516, the group is under pressure from nimble rivals as focus shifts from letters to parcels
RMT cancels three days of imminent walkouts and CWU pause 48-hour stoppages
Stage set for Daniel Křetínský to increase holding in delivery group from 22% to more than 25%
Company suggests to union that new starters be paid 20% less as it grapples with lower-price competitors
“There’s an elephant in the room”
A dissatisfied workforce is just one of many problems facing the UK’s postal service
Government will use new security powers to review Daniel Křetínský’s bid to boost shareholding above 25%
Walkouts planned in August and September after union rejects pay award of up to 5.5%
Postal service is seeking cost cuts but workers are demanding better pay and conditions
Postal provider warns board will consider separation of its two brands unless UK operations improve
Move set to lead to biggest industrial action of summer
Trade union leaders accuse postal service of putting profits ahead of customer service
A strike will damage the reputation of the UK’s biggest delivery group but the impact on revenues may be modest
Shares slide as UK postal service points to hit from declining parcel volumes and soaring costs
Pros and cons of the government’s proposal to end public ownership of broadcaster
The 555 claimants, including some wrongly prosecuted for theft, won case in 2019 that blamed faulty IT system
Management cuts to cost UK’s biggest delivery group £70m in reorganisation charges
Royal Mail hit by £70m charge and Credit Suisse warns of investment bank slowdown
US technology group offers bonuses to attract workers and take on Royal Mail as record number of parcels for delivery looms
UK group sets out cost-cutting measures and price rises as inflation bites
Facing ever greater competition and doubts over its business model, the state-owned UK group is seeking to reinvent itself
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