31 March 2023
Bira CEO says Royal Mail situation 'worrying' as pay talks near collapse
Negotiations between Royal Mail and the Communication Workers Union have reached the brink of collapse, and bosses are threatening insolvency if the recent pay offer is not accepted.
A politically sensitive move to declare the Postal Service insolvent is considered a last resort by the Royal Mail Board but has already been brought to the union.
A Royal Mail spokeswoman said: "We are aware of the speculation. 'If we have any additions to our previous financial statements, we are obligated to do so.'
Bira CEO Andrew Goodacre commented on the effect this will have on independent retailers:
"The situation at Royal Mail is very worrying. Previous strikes caused severe disruption to retailers who have shops and also sell online. The possibility of administration for Royal Mail is an even greater concern as it may have an even more negative impact than the strikes. We urge Royal Mail management and the unions to resolve the issues before other smaller companies suffer the consequences."
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