Dossier
UK postal service
Coverage of UK postal service in the Nexus archive.
- Royal Mail boss’s pay package soars to £6.9m despite profits slide
Martin Seidenberg, CEO of Royal Mail’s parent company International Distribution Services (IDS), received £6.9m in pay and bonuses in the year to March 2023, a significant increase from £2.1m the previous year, despite the group’s profits falling by 20%. The payout occurred after the takeover of the UK postal service.