Losses blamed on falling parcel numbers and inability to restructure business amid dispute with CWU union

Royal Mail has plunged to a first-half loss of more than £200m blaming the financial impact of ongoing strike action, a fall in the number of parcel deliveries and inability to restructure the business while at loggerheads with unions.

The postal service, which is in talks with the Communications Workers Union (CWU) to try to avert strikes in the run-up to Christmas, reported an adjusted operating loss of £219m in the six months to 25 September.

Losses blamed on falling parcel numbers and inability to restructure business amid dispute with CWU unionRoyal Mail has plunged to a first-half loss of more than £200m blaming the financial impact of ongoing strike action, a fall in the number of parcel deliveries and inability to restructure the business while at loggerheads with unions.The postal service, which is in talks with the Communications Workers Union (CWU) to try to avert strikes in the run-up to Christmas, reported an adjusted operating loss of £219m in the six months to 25 September. Continue reading…