Royal Mail Staff Vote in Favor of Strike Action Over IPO

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.

Some 78 percent of respondents backed a walkout, which will take place on Nov. 4 unless a deal safeguarding employment is reached before then, the Communication Workers Union said in a statement today. The vote attracted a 63 percent turnout of 112,000 Royal Mail workers, the labor group said in a statement.