October 16, 2013 Last Updated 11:19 am

Royal Mail workers vote to strike

The UK mail system faces a 24-hour strike on November 4 unless the Royal Mail agrees to demands for better pay and working conditions.

The company attempted to influence the vote by offering staff a£300 bonus if they voted not to strike.

“The stakes have become much higher for postal workers since privatisation, making this ballot more important than ever. Postal workers will not be the people who pay for the profits of private operators and faceless shareholders,” Dave Ward, CWU deputy general secretary, said.

“We have offered the company a two-week period to reach an agreement and, having already had many hours of negotiation, this is achievable if there is a will. The clock is ticking for both sides and we need Royal Mail to work to reach agreement before this deadline.”

“The decision to strike is no great surprise but is still rather disappointing,” said Phil Hall, special adviser to the business lobby group, ifs ProShare. “I don’t think it will have much of an impact on the long term share price but as employees are now shareholders themselves they should take this into account if balloted in the future.”

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