UK postal workers throw massive four-day strike amid inflation
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The workers have decided to organize the strike due to low wages amid record inflation.
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UK postal workers throw massive four-day strike amid inflation
Royal Mail workers voted to begin a four-strike on Wednesday to protest against low salaries, the Communication Workers Union (CWU) representing the interests of employees said.
97.6% have voted to go on strike, the Union said.
115,000 postal workers will strike for a proper pay rise.
— The CWU (@CWUnews) August 9, 2022
Four days. All action commenting 0400.
Friday 26th August
Wednesday 31st August
Thursday 8th September
Friday 9th September
£750m profit, £400m to shareholders, millions to bosses.
We want our share.#StandByYourPost pic.twitter.com/GZwHlwcc2A
The workers are striking against low paid wages amid the rising inflation, whereas the CEO is paid £750,000 a year and took a £140,000 bonus a few weeks ago and shareholders received dividends worth £400 million.
After failed attempts of negotiating an offer that involved a 5.5% pay increase, the CWU tweeted that the Royal Mail is lying about their pay "offer".
Royal Mail Group are lying to our members, the public and the media about their pay ‘offer’. Here is the truth and we need it out there. #StandByYourPost pic.twitter.com/GRDGh0JvkX
— The CWU (@CWUnews) August 10, 2022
Read more: The UK economy is crushed - Analysts
The UK has been the most hardly hit economy in the G7 by rapid inflation. Just a few days ago, the Bank of England announced raised interest rates in the UK by 0.5% on Thursday, moving them from 1.25% to 1.75%. The Bank also updated its forecast, suggesting that rates will eventually reach 13% before declining.
Strikes, inflation, trade interruptions, and political unrest have been ongoing since the start of the energy crisis. More is yet to come as the war in Ukrainian war seems nowhere near completion.
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