RMG News & Analysis
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Royal Mail (RMG) Losing 400 Workers Weekly, Says Union
Royal Mail (RMG) is reportedly losing about 400 postal workers per week, according to the Communication Workers Union (CWU). This increase comes after the company introduced a new delivery system, DM26, earlier this year. Previously, Royal Mail was losing approximately 330 staff members weekly. The current turnover rate is happening within a workforce of 83,000 employees. The union attributes the rise in staff departures to the problematic implementation of DM26, particularly affecting operational efficiency in several offices across the UK. However, Royal Mail maintains that the reforms aim to create a more efficient delivery system and expects it to be fully implemented by Christmas, currently claiming a 90% rollout with delivery reportedly reaching 95% of addresses daily, an improvement from 88% previously. The CWU has urged its members to halt the further rollout of the DM26 system until a new agreement can be reached with Royal Mail to address the system's flaws. The union alleges significant issues in hundreds of offices and warns of a potential
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Bangladesh's Apparel Exports Decline 3.41% Amid Economic Challenges
The BGMEA reported a 3.41% decline in garment export earnings and a 1.55% decrease in average unit prices due to global economic slowdown and rising domestic costs. Around 400 factories have closed in Bangladesh over the past three years, prompting calls for policy support to maintain competitiveness in the apparel industry. The government's new budget targets a 6.5% growth rate while emphasizing long-term stability and development across various sectors. The BGMEA advocates for reductions in taxes and import duties to support the Ready-Made Garment (RMG) industry, crucial for employment and foreign exchange earnings.
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Royal Mail (RMG) Delivery Performance Drops to 75.7% On-Time
Royal Mail (RMG) reported that only 75.7% of first class letters were delivered on time for the year ending March, falling short of its 93% target. In comparison, the previous year’s figure was 76.9%. Royal Mail is investing £500 million over five years to improve its service, with new targets set at 90% for first class and 95% for second class letters. Ofcom expressed concern and is expected to open an investigation into Royal Mail's performance, highlighting ongoing issues with delivery reliability.
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Royal Mail (RMG) First Class Stamp Price Increases to £1.80
Royal Mail (RMG) has raised the price of a first class stamp to £1.80, an increase of 10p, while second class stamps rise by 4p to 91p. This marks the eighth price increase in five years. Currently, only 77% of first class letters are delivered within one working day, against a target of 93%. The price hike comes amid declining letter volumes, increasing delivery costs, and ongoing criticism regarding service performance.
Read More: Royal Mail (RMG) First Class Stamp Price Increases to £1.80