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Royal Mail strikes will not affect share price, claims union

by LLB Editor October 15, 2013

written by LLB Editor 15^th Oct 13 10:55 am

Royal Mail’s impending strike action will not affect its share price, the Communication Workers Union (CWU) has claimed.

Royal Mail shares topped 470p this morning as full trading began today.

A CWU spokeswoman told the Daily Mail that there was no link between the strike ballot and the postal service’s privatisation.

She said: “There is absolutely no link between the shares issue and strike action. The strike is over important issues around pay and working conditions that need to be resolved. We expect members to vote for strike action, as they have indicated they will previously, until these issues are addressed.”

Strikes over pay and working conditions can go ahead as early as 23 October. The unions have rejected Royal Mail’s offer of an 8.6% pay rise over three years.