Britain’s Royal Mail said the cost of the strike to protest wages and working conditions was around £200m ($248m), pushing the company into a big operating loss.
And International Distribution Services, which owns the company, said Royal Mail lost £295m in the first nine months of the financial year as the company was hit by an 18-day strike.
He said his forecast for the full year was based on no strikes in the fourth quarter and the telecoms union’s acceptance of the wage offer, stressing that he remains committed to cutting workers by 5,000 by March and 10,000 by August.
It is noteworthy that state employees have been organizing a wave of strikes since the summer of last year, demanding an increase in wages, taking into account inflation.
Source: ukfinance
