Royal Mail has said on Wednesday that this “is our best and final offer” to resolve the strikes which has lasted 7 months and cost the company £100 million to date.
Members of the Communication Workers Union (CWU) have held a series of strikes and fresh 48 hour strikes are set to start this Thursday and Friday.
Royal Mail said that they have revised its offer to bring the long running dispute to an end over pay, conditions and jobs.
This includes “extensive improvements” made during negotiations with the CWU pay deal of 9% over 18 months.
Royal Mail are also offering a new profit share scheme and voluntary redundancies are more generous than previously.
Simon Thompson, Royal Mail’s chief executive said, “Talks have lasted for seven months and we have made numerous improvements and two pay offers, which would now see up to a 9% pay increase over 18 months alongside a host of other enhancements.
“This is our best and final offer.
“Negotiations involve give and take, but it appears that the CWU’s approach is to just take. We want to reach a deal, but time is running out for the CWU to change their position and avoid further damaging strike action tomorrow.
“The strikes have already added £100 million to Royal Mail’s losses so far this year. In a materially loss making company, with every additional day of strike action we are facing the difficult choice of about whether we spend our money on pay and protecting jobs, or on the cost of strikes.”