A negotiators settlement with EP Group covering crucial areas such as job security, the governance of the company, a meaningful stake in the business for employees, restoring quality of service,
legally binding commitments, and improving the terms and conditions of our members,” Mr. Ward continued. This agreement was announced at the same time.
The agreement stipulates that no mandatory layoffs will occur until Royal Mail’s universal service requirement modifications are implemented,
Which is not anticipated to happen until the second half of 2026. After then, a new employment agreement will be drafted.
The union’s postal executive, which will convene later on Monday, must ratify the deal with the CWU. Given the vital role played by Britain’s postal service,
The move by Mr. Kretinsky, who already has the biggest stake in Royal Mail’s parent firm International Distribution Services (IDS), drew criticism on the grounds of national security.
