google-site-verification: googlec7193c3de77668c9.html

Royal Mail fined £10.5m for missing delivery targets

Ofcom said the company had blamed its poor performance on its challenging financial position, and on delays to a ballot on a pay deal following strike action by members of the Communication Workers’ Union last year.

However, Ofcom said: “We do not consider either of these to be justifiable reasons for Royal Mail’s failure to provide the levels of service expected of it.

“Royal Mail took insufficient and ineffective steps to try and prevent this failure, which is likely to have impacted millions of customers who did not get the service they paid for.”

Last year, Royal Mail was fined £5.6m for the same reason.

Ofcom said that in addition to the fine, it had been pressing the company to see what it was doing to improve its performance.

While there had been some progress, it said performance in 2023/24 had only been “marginally better” and “it needs to do much better”.

News of the latest fine comes at a time when Royal Mail’s parent, International Distribution Services, is facing a probable takeover by the Czech billionaire Daniel Kretinsky’s EP Group.


Source link

Views: 0

See also  Diageo taps former Tesco boss 'Drastic Dave' Lewis to lead fightback | Money News

Check Also

Burnham’s ‘Manchesterism’ got him to No 10 – but will it work for the UK?

He relays a story about his time as chief secretary to the Treasury in 2007 …

China hits out at British Steel nationalisation

China has hit out at the nationalisation of British Steel, saying it “firmly opposes and …

I wouldn’t marry him until he paid off his debt, now I’m in charge of our money

When Sarah Reeve got engaged she gave fiance Lee an ultimatum: he had to pay …

Leave a Reply

Available for Amazon Prime