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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Royal Mail Plc | LSE:RMG | London | Ordinary Share | GB00BDVZYZ77 | Royal Mail Plc |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 207.00 | 206.00 | 206.30 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRMG
RNS Number : 8742S
Royal Mail PLC
05 October 2017
5 October 2017
Royal Mail plc
Royal Mail invokes Agenda for Growth: all legal options will be used
Royal Mail (RMG.L) has today received confirmation from the CWU that it is planning two days of industrial disruption at or after 11am on Thursday 19 October to before 11am Saturday 21 October 2017. This follows the CWU's announcement on 3 October of its ballot result in favour of industrial action.
Royal Mail is very disappointed by this announcement from the CWU. The Company is committed to further talks as a matter of urgency to reach agreement with the CWU. There are no grounds for industrial action. We want to reach agreement.
Royal Mail will be writing to the CWU invoking the external mediation process under the dispute resolution procedures in the Agenda for Growth. These legally-binding dispute resolution procedures were set up as a vehicle to resolve industrial disputes. We wish to use them to do just that. Royal Mail will use all legal options at its disposal, including applying to the High Court for an injunction to prevent industrial action.
In 2013, Royal Mail and the CWU committed to the Agenda for Growth - a legally binding agreement. This agreement contains contractual dispute resolution procedures. Both sides are required to follow them once instigated. They escalate to independent external mediation, which we expect will take close to Christmas to be completed, and may be longer.
External mediation as set out in the Agenda for Growth agreement has not yet taken place. A clear mechanism for instituting these procedures is set out in writing in the Agenda for Growth. It includes: a) Formal notice of a referral to external mediation from one party to the other; b) The appointment of an external mediator through the mutually agreed process and; c) A comprehensive mediation process which includes the mediator preparing a detailed report, including recommendations for both parties. None of these processes have happened yet.
Investor Relations
Catherine Nash
Tel: 07436 560910/020 7449 8183
Email: investorrelations@royalmail.com
Media Relations
Andrew Moys
Tel: 07841 803 321
Email: andrew.moys@royalmail.com
Peter Tilley
Tel: 07841 803 316
Email: peter.tilley@royalmail.com
Company Secretariat
Kulbinder Dosanjh
Tel: 020 7449 8133
Email: cosec@royalmail.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMABFTMBJMBMR
(END) Dow Jones Newswires
October 05, 2017 12:35 ET (16:35 GMT)
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