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International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 3 ] but sold its remaining shares in 2015. [ 4 ]
The Royal Mail strikes ended in July 2023 after workers agreed to a three-year pay deal. Seventy-six per cent of union members voted in favour of the agreement, [ 41 ] which included a ten per cent salary increase and a one-off lump sum of five-hundred pounds, in a ballot with a sixty-seven per cent turnout.
The group reported an 8% rise in underlying operating profits to £758 million for the year to the end of March.
In the United States in November 2012, the purchase price was $2.20 [6] USD; however, the US Postal Service discontinued sales of IRCs on 27 January 2013 due to declining demand. [7] Britain's Royal Mail also stopped selling IRCs on 31 December 2011, citing minimal sales and claiming that the average post office sold less than one IRC per year.
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Royal Mail was fined £50 million by Ofcom in 2018 for breach of European Union competition law. Ofcom found that Royal Mail had abused its dominant position in 2014 in the delivery of letters. [139] As of December 2023, Royal Mail has been fined a total of £58,303,936 for regulatory breaches according to the Violation Tracker UK website. [103]
Royal Mail said last month that the cyber incident meant that post offices were unable to handle international mail or parcels at its 11,500 branches. Royal Mail international services restored ...
— Royal Mail Help (@RoyalMailHelp) January 12, 2023 The attack is suspected to have come from a Russian-linked ransomware gang called Lockbit, the Telegraph first reported.