RM offers new pension deal to its workers

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Royal Mail offers new pension deal to its workers in bid to stave off strike threat

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Royal Mail has sought to stave off a strike threat to its £3billion stock market flotation by offering its workers a new pension deal.
Plans for the initial public offering risk being derailed by the Communication Workers Union, which opposes the sale and wants guarantees on pay, conditions and pensions.
Royal Mail has scrapped a proposal to cap pensionable pay rises at the rate of inflation, up to a maximum of 5 per cent.

The CWU will ballot members shortly, with the result known on October 16.
If workers vote for a strike it could take place on October 23, the likely date of the IPO.