09:48 10 December 2013
Following a year of negotiations, Royal Mail and its workers appear to have come to a resolution. The deal agreed by the parties states that Royal Mail will pay a total of 9.1per cent pay increase to staff over the next three years.
This is an increase compared to the 8.6per cent that was previously offered by the company. The deal, which is back-dated to April 2013, states that staff will receive 3per cent increase this year, another 3per cent increase next year, and further 2.8per cent in 2015. They will also be given £200 one-off bonus.
In addition, Royal Mail also agreed to no zero hours contract, a commitment not to outsource, sell or transfer any part of the business, and a pledge to avoid compulsory redundancies.
In return, Royal Mail has curbed the right of union to call strike to action.
Moya Greene, Chief Executive, Royal Mail, said it will “provide long term stability and certainty for Royal Mail, our employees and our customers at this pivotal time. Working together we can create a strong foundation for the continued success of our business.”
CWU deputy general secretary Dave Ward said: “This is a good deal for the company and customers as well as for employees, but investors should be clear that this agreement commits them to growth and there will be no tolerance to a race to the bottom on services and jobs.”
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