Profitable Royal Mail blasted for rising stamp prices while cutting services
- Friday 4 March 2022
Royal Mail, which last November recorded profits of £311 million, has been blasted for ‘greedily’ cutting services while raising stamp prices.
Unite, the UK’s leading union, called on the company, privatised in 2014, to halt plans to cut 900 middle management jobs.
The union said they could not be justified given November’s £400 million giveaway to shareholders and today’s announcement that first class stamps will increase by 10p to 95p, with second class stamps rising by 2p to 68p.
Unite general secretary Sharon Graham said: “The Royal Mail boardroom is again raising prices while helping itself to massive profits. It is behaving like a short-term greedy speculator rather than the responsible owner of a key UK public service.
“With plans to slash 900 postal manager jobs and threats issued to Unite that collective bargaining agreements for our members will be ignored, Royal Mail’s owners are ruining this essential service. Ofgem has to get a grip because the universal service obligation is at serious risk.
“Unite’s postal managers are the heart of this service and our union will back them all the way in this fight to protect jobs and services.”
Only last year, Royal Mail cut 1,600 managers. The latest plans will cut the service to pieces removing delivery office managers and line managers, sector collection managers and sector hub staff managers, plus managers who look after boxes and counters collections.
Unite represents thousands of Royal Mail managers, who are part of the union’s Communications Managers’ Association (CMA) group.
For media enquires ONLY contact Unite communications officer Ryan Fletcher on 07849 090215.
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Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Sharon Graham.