Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

Breaking

Royal Mail wins strike injunction

Latest news

    Royal Mail vanImage copyright Getty Images

    Royal Mail has won an injunction in London’s High Court preventing next week’s 48-hour strike.

    The postal firm’s workers had been set to walk out from 19 October in protest over pensions, wages and jobs.

    But the company said the strike would be “unlawful” if the Communication Workers Union (CWU) did not follow dispute resolution procedures.

    A strike ballot of the CWU’s 110,000 members had produced an 89.1% vote in favour on a 73.7% turnout.

    It would have been the first national strike since Royal Mail was privatised four years ago.

    ‘Unaffordable’ scheme

    Mr Justice Supperstone, who granted the injunction, said: “I consider the strike call to be unlawful and the defendant is obliged to withdraw its strike call until the external mediation process has been exhausted.”

    The CWU has said that Royal Mail’s move to reform workers’ pensions means that its members will lose up to a third of their retirement entitlements.

    The company said pension scheme members would indeed build up smaller benefits in future, but that was because the plan in its current form was unaffordable.

    Earlier this year, the Royal Mail announced that it would close its current defined benefit scheme in March 2018.

    View the original article: http://www.bbc.co.uk/news/business-41601179

    Although the pension fund is currently in surplus, Royal Mail, which was privatised in 2013, claims that its current annual contribution of £400m a year would swell to £1.26bn.

    In the same category are

    Windrush: Corbyn says PM ignored immigration policy warnings Image copyright PA Image caption The Windrush generation began arriving in the UK in 1948 Jeremy Corbyn has called for an end to the government's ...
    Naked gunman kills three in Nashville Waffle House Image copyright Nashville Police Department Image caption The shooting occurred in the small hours of Sunday in a suburb of Nashville A nude gunma...
    Korean Air ‘nut rage’ sisters step down Image copyright Reuters Image caption The airline boss's youngest daughter was involved in a water-throwing incident this month The CEO of Korean ...
    World Snooker Championship 2018: Ronnie O’Sullivan beats Stephen Maguire Ronnie O'Sullivan had trailed Stephen Maguire 6-3 going into Sunday2018 World ChampionshipVenue: Crucible Theatre, Sheffield Dates: 21 April - 7 MayC...
    Carwyn Jones ‘not done yet’ says Jeremy Corbyn Image caption Jeremy Corbyn praise Carwyn Jones' record in his speech to Welsh Labour conference Labour leader Jeremy Corbyn has paid tribute to W...
    Farah breaks British marathon record The race was Farah's second London MarathonBritain's Mo Farah finished third at the London Marathon in a new British record as Kenyan Eliud Kipchoge ...

    Leave a comment

    Your email address will not be published. Required fields are marked *