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Royal Mail's industrial disputes include a seven-week strike in 1971 after a dispute over pay and another strike in 1988 due to bonuses being paid to new staff recruited in London and the South East. [94] Royal Mail suffered national wildcat strikes over pay and conditions in 2003. [95]
After the opening up of the industry, competitors such as Whistl and UK Mail found their place offering business postal solutions. These companies, despite being competitors to Royal Mail, hand over sorted mail to the Royal Mail for "last mile delivery" due to the sheer dominance the latter hold in a process called 'Down Stream Access'. [3]
Following the IPO, 52.2% of Royal Mail had been sold to investors, with 10% given to employees for free. Due to the high demand for shares, an additional 7.8% was sold via an over-allotment arrangement on 8 November 2013. This left the government with a 30% stake in Royal Mail and £1.98bn raised from the sale of shares. [22]
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Here’s exactly what to know about December 26 mail delivery in 2023. Is the post office open today? Yes—Great news for those looking to send a New Year’s card .
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The Parcel Post service of Royal Mail was started in 1883, [6] though parcel services operated by the railway companies, later Red Star Parcels and British Road Services, were also heavily used for many decades. Royal Mail was split into three divisions in 1986 [6] and in August 1990, Royal Mail Parcels was rebranded as Parcelforce.