Royal Mail Group Plc, the U.K. postal service that sold shares in an initial public offering last year, said it plans to cut about 1,600 administrative jobs as the company seeks to streamline operations.
Deutsche Lufthansa AG’s pay skirmish with its pilots, already among the best paid in Europe, stands in contrast to rival IAG SA’s success in slashing wages - - and reaping investors’ reward in the process.
The Association of Mineworkers and Construction Union, which represents about 20 percent of South African gold-mining employees, said producers including AngloGold Ashanti Ltd. face strike notices over pay demands.
Talks to end a strike over pay that has crippled production at the world’s largest platinum mines in South Africa will resume next week after violent protests left one person dead and another seriously injured.
Royal Mail Group Ltd. workers voted for strike action less than a week after the U.K. postal service’s 1.7 billion pound ($2.72 billion) initial public offering, which unions say will put jobs at risk.