Royal Mail PLC Royal Mail and CWU one-year pay agreement (9377Z)
01 Juni 2016 - 4:39PM
UK Regulatory
TIDMRMG
RNS Number : 9377Z
Royal Mail PLC
01 June 2016
1 June 2016
ROYAL MAIL AND CWU ONE-YEAR PAY AGREEMENT
-- Royal Mail and CWU negotiators have reached agreement on a
1.6% increase in base salary for all CWU-represented grade
employees (including Parcelforce Worldwide), backdated to early
April 2016. The CWU will recommend that members accept the offer in
a ballot
-- Royal Mail and the CWU will quickly begin talks on a range of issues
Royal Mail and Communication Workers Union (CWU) negotiators
have today reached agreement on a one-year pay deal for 2016-17.
The pay deal is subject to a ballot in favour by CWU members. The
Union will recommend that its members accept the pay offer.
CWU-grade employees at Royal Mail (including Parcelforce
Worldwide) will receive a 1.6 per cent increase in base salary,
backdated to early April 2016. The pay increase also applies to
basic pay supplements, skills and shift allowances, London
Weighting, overtime and scheduled attendance rates.
ENDS
Contacts:
Investor Relations:
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
Media Relations:
Beth Longcroft
Phone: 07435 768549
Email: beth.longcroft@royalmail.com
Royal Mail Group press office: 0203 338 1007
About Royal Mail plc
Royal Mail plc is the parent company of Royal Mail Group
Limited, the leading provider of postal and delivery services in
the UK and the UK's designated universal service provider. UK
Parcels, International and Letters ("UKPIL") comprises the
company's UK and international parcels and letters delivery
businesses operating under the "Royal Mail" and "Parcelforce
Worldwide" brands. Through the Royal Mail Core Network, the company
delivers a one-price-goes-anywhere service on a range of parcels
and letters products. Royal Mail has the capability to deliver to
more than 29 million addresses in the UK, six days a week
(excluding UK public holidays). Parcelforce Worldwide operates a
separate UK network which collects and delivers express parcels.
Royal Mail also owns General Logistics Systems (GLS) which operates
one of the largest ground-based, deferred parcel delivery networks
in Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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