Royal Mail employees face pay freeze


Royal Mail employees face pay freeze
Royal Mail staff are facing pay freezes as a direct result of the recession, it has emerged.

The 181,000 people employed by the company are the largest workforce to so far be affected by the downturn.

In a letter to union leaders, Jon Millidge, human resources director at Royal Mail, explained that "a very tight financial position" was the reason for the move.

He also made assurances that directors and managers at the company would also have their wages frozen.

Mr Millidge's letter continued: "The global economic turmoil has exacerbated the structural decline in postal markets in the UK and around the world, with the UK mail market now declining between eight to ten per cent compared to last year."

There was some positive news for jobseekers last week, as Carphone Warehouse announced plans to open new home electronics stores – creating up to 10,000 jobs.

Related categories: Public Sector.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

See also:

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure