Royal Mail hit business hard with strikes

The recent strike action over pay and jobs at the Royal Mail is likely to cost the economy over £1 billion and many smaller businesses will bear the brunt.

The reason for the dispute centres on a pay and flexible working deal made in 2007, and which has since unraveled. The union wants reassurances over job security while the Royal Mail wants more flexible hours alongside more automated processes.

Cautious welcome for Queen’s speech

UK business cautiously group UK200 welcomed some of the government’s proposals to stabilise the financial system, announced in today’s Queen’s Speech – although it said more information was needed on how the measures would work in practice before a final judgement could be made on how effective they would be.

Minister calls on the capitals employers to help young Londoners into work

Last night, Minister for London, Tessa Jowell, called on London’s business leaders to help the capitals young people into work and to ensure they make the most of the Government support available to firms during the recession. Her call to action came as 1070 jobs for young people in London were announced as part of the Future Jobs Fund (FJF), with eight organizations in the capital to provide new posts.

National post strike dates announced

The Communication Workers Union (CWU) has said two 24-hour nationwide postal strikes will start on Thursday 22 October.

The union said it had no choice but to announce a strike after the Royal Mail rejected its latest set of proposals.

On the first day, mail centre staff and drivers will strike. The next day it will be delivery and collection staff.