Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

UPDATE 3-UK postal union says offers deal to avert strike

Published 10/13/2009, 01:10 PM

(Adds royal mail comment)

By Stefano Ambrogi

LONDON, Oct 13 (Reuters) - Union leaders representing workers at Britain's state-owned Royal Mail offered management a last-ditch deal to avert a national strike that would cripple deliveries across the country, they said on Tuesday. The Communication Workers Union (CWU) said it had written to Royal Mail Managing Director Mark Higson asking him to meet a number of key conditions or it would press ahead with strikes.

In the letter, union bosses presented Higson with demands that included revealing his business plan for the whole of the planned transformation process, rewarding workers for the firm's future success, a commitment to openly discuss staffing levels and pay and an agreement to initiate an inquiry into bullying and harassment of workers.

Royal Mail said the strike threat was "a blatant and deplorable attack on customers and on the future of the UK postal service".

"Today the CWU has written to us with a `peace offer' which is in reality a series of fresh demands against Royal Mail," Higson said in a statement.

Workers voted overwhelmingly last week for a nationwide strike, escalating a dispute which has already caused widespread disruption to postal services.

A national strike could cost the British economy 1.5 billion pounds ($2.4 billion) and deal a blow to online retailers, according to analysis commissioned by shopping comparison website Kelkoo.

A CWU spokeswoman said if the latest negotiation failed, national strike dates will be announced on Thursday Oct. 15.

The government said the planned nationwide strike "defies logic" and would not resolve differences.

"It would be a suicidal act -- turning more hard pressed consumers and businesses away from using mail," said Business Secretary Peter Mandelson.

David Frost, director general of the British Chambers of Commerce, said the threat of a strike was a serious knock to business confidence.

"The run-up to Christmas is a vital trading period for firms and if this strike goes ahead orders will be lost and the fragile recovery will be undermined," he said. (Additional reporting by Michael Holden; Editing by David Cowell)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.