Royal Mail is facing the threat of industrial action following its decision to close its defined benefit pension scheme, affecting 90,000 members.
The privatised UK postal operator announced on Thursday that its £7.4bn defined benefit scheme will close to future accruals after March 2018, saying that “there is no affordable solution to keeping the plan open in its current form”.
Australia Post director Ahmed Fahour has resigned just weeks after his $5.6 million salary was revealed by a Senate committee, which dismissed calls for it to be concealed from the public. Continue reading →
Stamp collectors are furious at PostNL‘s decision to stop stamping the date on stamps and to strike them through with a pen instead.
‘It’s a disaster for stamp collectors,’ said Martijn Bulterman, chairman of the Dutch stamp traders association NVPH. By putting a pen stroke through the stamps they are ‘effectively being ruined’, Bulterman told the Telegraaf. Continue reading →
Shares in Royal Mail dropped more than 5 per cent after the group reported a drop in letters delivered before the festive period as business uncertainty in the UK hit junk mailings.
Rising parcel numbers failed to make up for the chronic decline in paper-based correspondence at the postal service’s core British business, pushing the division’s revenue down 2 per cent in the nine months ending on Christmas Day.
OTTAWA – Canada Post will greet the Year of the Rooster with a two-stamp issue, the ninth in its most recent series honouring the Lunar New Year.
A Permanent™ domestic-rate stamp featuring a rooster image, with its chest proudly puffed out, is paired with an international-rate stamp offering a close-cropped profile view of the rooster’s stately face. Both images are created from lines of gold foil. Continue reading →
After six weeks of local membership meetings, the members in both the Rural and Suburban Mail Carriers (RSMC) and the Urban Postal Operations (UPO) bargaining units have ratified their tentative collective agreements reached with Canada Post on September 1st.
The unaudited results show adoption of the RSMC contract by 55% of those voting. The number of members voting in 2016 exceeded the turnout in 2012.
The UPO contract was adopted by almost 63% of the Urban members participating. Continue reading →
OTTAWA – The Canada Post segment lost $60 million before tax in the third quarter, when the risk of a work disruption prompted commercial customers to make other arrangements to deliver their parcels and mail.
The net financial impact of the labour uncertainty is estimated at $100 million for the third quarter. That figure reflects the significant reduction in revenue but also includes slightly lower costs, such as less use of overtime and temporary employees, because volumes had declined sharply in all lines of business. The Corporation and the Canadian Union of Postal Workers reached tentative agreements on August 30, 2016, but volumes took much longer to recover. Employee benefit expenses were also lower in the third quarter due to a $44-million non-cash one-time gain, resulting from the new collective agreement with the Canadian Postmasters and Assistants Association (CPAA) in August 2016. Continue reading →