25th Oct 2019 14:43
(Alliance News) - Junior and middle managers in Royal Mail PLC have voted to accept a pay deal worth 5.3% over two years.
Royal Mail said members of the Unite union backed the offer by more than 2-1.
Around 6,500 managers will receive a pay increase of 2.6% this year, backdated to September and a rise of 2.7% from September 2020.
Managers will also receive a GBP1,000 bonus in December which will be deducted from any final bonus payment in June 2020.
Sally Ashford, chief HR officer at Royal Mail, said: "We are pleased to announce that Unite members have today voted in favour of Royal Mail's pay offer to junior and middle managers.
"This offer recognises the continued hard work and dedication of our junior and middle managers. Working together, we are committed to creating a strong platform for the continued success of our business."
Shares in Royal Mail were 1.9% lower at 215.58 pence in London on Friday.
By Alan Jones, PA Industrial Correspondent
source: PA
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