TOP NEWS: Royal Mail Secures Court Injunction Over Strike Action

LONDON (Alliance News) - Royal Mail PLC on Thursday secured a court injunction over a potential ...

Alliance News 12 October, 2017 | 4:40PM
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LONDON (Alliance News) - Royal Mail PLC on Thursday secured a court injunction over a potential industrial action announced by a union representing its employees.

The postal services company said the UK higher court has ruled that contractual dispute resolution procedures under the Agenda for Growth must be followed before industrial action can take place. The injunction means that any strike action before the dispute resolution procedures have been followed would be unlawful.

The Agenda for Growth is an agreement between the company and its employees. It provides protection to employees and stability to the company.

"We will now make contact with the CWU [Communications Workers Union] as a matter of urgency to begin the process of external mediation," Royal Mail said, adding that it remains committed of reaching a resolution.

"The mediation process will take close to Christmas to be completed, and may be longer. The first step is selecting a mediator acceptable to Royal Mail and the CWU from a panel that was agreed by both parties under the Agenda for Growth."

Shares in Royal Mail ended up 0.5% on Thursday at 387.30 pence.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Royal Mail PLC 387.64 GBX -0.40 -
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