Royal Mail PLC Royal Mail invokes Agenda for Growth (8742S)
05 Oktober 2017 - 6:35PM
UK Regulatory
TIDMRMG
RNS Number : 8742S
Royal Mail PLC
05 October 2017
5 October 2017
Royal Mail plc
Royal Mail invokes Agenda for Growth: all legal options will be
used
Royal Mail (RMG.L) has today received confirmation from the CWU
that it is planning two days of industrial disruption at or after
11am on Thursday 19 October to before 11am Saturday 21 October
2017. This follows the CWU's announcement on 3 October of its
ballot result in favour of industrial action.
Royal Mail is very disappointed by this announcement from the
CWU. The Company is committed to further talks as a matter of
urgency to reach agreement with the CWU. There are no grounds for
industrial action. We want to reach agreement.
Royal Mail will be writing to the CWU invoking the external
mediation process under the dispute resolution procedures in the
Agenda for Growth. These legally-binding dispute resolution
procedures were set up as a vehicle to resolve industrial disputes.
We wish to use them to do just that. Royal Mail will use all legal
options at its disposal, including applying to the High Court for
an injunction to prevent industrial action.
In 2013, Royal Mail and the CWU committed to the Agenda for
Growth - a legally binding agreement. This agreement contains
contractual dispute resolution procedures. Both sides are required
to follow them once instigated. They escalate to independent
external mediation, which we expect will take close to Christmas to
be completed, and may be longer.
External mediation as set out in the Agenda for Growth agreement
has not yet taken place. A clear mechanism for instituting these
procedures is set out in writing in the Agenda for Growth. It
includes: a) Formal notice of a referral to external mediation from
one party to the other; b) The appointment of an external mediator
through the mutually agreed process and; c) A comprehensive
mediation process which includes the mediator preparing a detailed
report, including recommendations for both parties. None of these
processes have happened yet.
Investor Relations
Catherine Nash
Tel: 07436 560910/020 7449 8183
Email: investorrelations@royalmail.com
Media Relations
Andrew Moys
Tel: 07841 803 321
Email: andrew.moys@royalmail.com
Peter Tilley
Tel: 07841 803 316
Email: peter.tilley@royalmail.com
Company Secretariat
Kulbinder Dosanjh
Tel: 020 7449 8133
Email: cosec@royalmail.com
This information is provided by RNS
The company news service from the London Stock Exchange
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