The CWU, which is also embroiled in wage disputes between BT and the Post Office amid widespread trade union scandal over rising inflation, is sending out ballots after rejecting the company’s offer. Dave Ward, general secretary, told Sky News he was expecting a “very big yes” to record profits for the company and a 400 400m payment to Royal Mail shareholders. “At the same time that the CEO and the board of directors decided to impose a 2% salary increase on the employees, they receive a bonus of 140,000 pounds. “With any level of justice, this is completely unacceptable.” He defended the union’s goal of a settlement that protects its members from the cost-of-living crisis, saying it was part of a wider trade union push to rebalance equality after years of bad results for ordinary workers. Inflation, currently at 9.1%, is expected to exceed 11% in October, according to the Bank of England’s latest forecast. The result of the vote will be announced by July 19. “At that point, depending on where we are, we will make a decision on whether we need to take industrial action and if there has been no movement, that is exactly what we will propose,” Pullinger added. Use the Chrome browser for a more accessible video player 2:22 Last week: The head of the Royal Post Office for pay talks Royal Mail chief Simon Thompson told Sky News earlier this month that he had offered a 5.5% pay rise and handed over – without commitments – a 2% increase to help its employees cope with the cost-of-living crisis as talks with the CWU. He suggested that the remaining 3.5% on the table depend on the union accepting the need to modernize the company, as it aims to become a parcel-focused company due to the gradual reduction in the volume of letters. The company is also considered to have offered a new “over and over” bonus. A Royal Mail spokesman said: “We believe there is no reason for industrial action. We have offered a deal worth up to 5.5% for CWU-grade colleagues, the largest increase we have offered in many years, which was rejected by the CWU. “We need to agree on the changes needed to ensure that Royal Mail can grow and remain competitive in a fast-growing industry, securing jobs for the future and maintaining our position as the industry leader in remuneration. and the terms and conditions “.
