Royal Mail's Christmas parcels hurt by labour unrest, warns of challenges
Share:
LONDON (Reuters) - UK's Royal Mail said on Thursday its outlook for the next fiscal year is "challenging" and the threat of a labour strike in late 2019 hurt parcel revenue growth during the Christmas period as customers opted to use other carriers.Labour unrest has tripped up productivity at Royal Mail and along with the delay in its turnaround and ongoing economic uncertainties, the likelihood of its UK business slumping to a loss in 2020-21 has increased.The company said its largest labour..