News

Business as usual now that Royal Mail solves pension dispute

29 January 2018

Royal Mail has reached an agreement with its main trade union in their long-fought wrangle over pensions, pay and working conditions.

The company and the Communication Workers Union have been in dispute for nearly 18 months about the decision by Royal Mail to close its final salary pension scheme in March this year.

The move prompted the CWU’s more than 100,000 members to vote in favour of strike action last year, although this was blocked by a High Court injunction.

On Friday (January 26) the two sides reached an agreement - although its details will not be released until senior officials at the union and Royal Mail's board have both approved it.

A joint statement from the union and Royal Mail confirmed negotiators had “finalised the details of a proposed agreement covering the matters under discussion which include pensions, pay, the shorter working week, culture and operational changes”.