Royal Mail has changed its name to International Distributions Services, it announced today.
Royal Mail has been rocked by employee strikes and things are only going to get worse given the timetable for further picket lines throughout October and November.
It’s no wonder the group is desperate for the market to understand there is more to its business than simply delivering letters and parcels in the UK.
“Its overseas arm GLS has become increasingly important to the group’s earnings and that’s why the corporate name has changed to International Distributions Services, in the hope that people will stop thinking of the business simply as a fleet of red vans and workers in shorts pushing energy bills through doors. It’s not the snappiest of names and one wonders if Irregular Delivery Services might have been a more appropriate moniker,” said AJ Bell’s Russ Mould.