All the updated news related to international distributions services

All the news related to international distributions services updated in real time

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City

Royal Mail to axe around 6,000 jobs amid fresh strikes

Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses. Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the job ...

14 Oct 2022 at 10:47

Royal Mail asks Government to cut Saturday letter service under overhaul

City

Royal Mail asks Government to cut letter service to five days under overhaul

Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action. Boss Simon Thompson vowed to do “whatever it takes” to turn the group around ...

17 Nov 2022 at 11:38

City

Royal Mail slumps to loss of more than £1bn after year of strikes

Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services (IDS), revealed Royal Mail swung to an operating loss of £1.04 billion for the ...

18 May 2023 at 21:59

City

Royal Mail boss plans to step down following union deal

The boss of Royal Mail has quit the top job in order to allow the company to move on following a bruising fight with its main union which finally concluded last month. The announcement of Simon Thompson’s departure comes weeks after agreeing a ...

12 May 2023 at 13:32

City

Royal Mail owner chooses new boss from Dutch subsidiary

The company behind Royal Mail has appointed its next boss from its rapidly growing Dutch subsidiary following a bruising time for the logistics giant. International Distributions Services (IDS) said that Martin Seidenberg will become chief ...

20 Jul 2023 at 08:44

City

Royal Mail hails best Christmas for four years

Royal Mail has cheered its best festive performance for four years as it notched up higher revenues across letters and parcels and met its Christmas delivery pledge. The group’s owner International Distributions Services (IDS) said Royal ...

18 Jan 2024 at 08:06

City

Heathrow executive Emma Gilthorpe to take the helm at Royal Mail

Royal Mail has ended its hunt for a new top boss after appointing Heathrow Airport senior executive Emma Gilthorpe to the helm at a crucial time for the postal service. Owner International Distributions Services (IDS) said Ms Gilthorpe ...

02 Apr 2024 at 12:22

City

Royal Mail reveals staff bonus of up to £500 as half-year losses mount

More than 100,000 frontline workers at Royal Mail are in line for a bonus worth up to £500 each if they hit targets over Christmas as the group presses ahead with turnaround efforts in the face of mounting losses. Royal Mail said the ...

16 Nov 2023 at 09:37

City

Royal Mail fined £5.6m for ‘significant’ delivery target failures

Royal Mail has been fined £5.6 million by regulator Ofcom for a “significant” failure to meet its postal delivery targets in the past financial year. Ofcom imposed the penalty following an investigation launched in May after Royal ...

13 Nov 2023 at 12:18

City

Royal Mail owner rejects bid approach from Czech billionaire

Royal Mail owner International Distribution Services has seen shares soar higher after it was revealed the group rejected a takeover approach from shareholder and Czech billionaire Daniel Kretinsky. Mr Kretinsky’s EP Group said ...

17 Apr 2024 at 18:47

City

Two Royal Mail bosses to leave after agreement with union

Two top executives at Royal Mail who were close to the company’s recent long-running dispute with its unions are going to leave in the New Year. In an email to employees, the boss of parent company International Distributions ...

11 Dec 2023 at 13:03

City

Royal Mail group faces ‘no further action’ over potential security probe

Royal Mail’s parent firm has said it faces no further action months after ministers said they would launch a national security probe into the company. International Distributions Services (IDS), which was renamed from Royal ...

31 Oct 2022 at 10:02

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