Talks between the Communication Workers Union and Royal Mail have ended without an agreement over the bitter dispute over pay, jobs and conditions.
Royal Mail are losing “more than £1 million a day” over the continued strikes and postal workers have been warned that “further strike action” threatens their “job security.”
CWU has been warned that if a deal is not reached then Royal Mail faces the threat of administration as strike action has been going on for almost a year.
A Royal Mail spokesperson said, “After 11 months of talks, including mediation by Sir Brendan Barber and Acas, we are deeply concerned that our talks with CWU have concluded without an agreement.
“We made substantial efforts to reach an agreement, including making a number of further improvements to our offer.
“These improvements were all based on feedback from the CWU, and we were hopeful that the CWU would put a deal to its members.
“We remain committed to reaching an agreement with the CWU. We have been clear throughout the dispute that not transforming our network and working practices is not an option in a business losing more than £1 million a day.
“In the best interests of the business, our customers, and the job security of our postmen and women, change cannot be delayed any further.”
A CWU spokesman said, “It is clear Royal Mail Group is in a serious financial situation.
“This is as a direct result of mismanagement and recklessness at the most senior level. Those individuals who have led the company into this crisis have no right to lead us out of it.
“There is no positive future for Royal Mail without workforce support. Talks must succeed this week or the CWU will call further strike action.”