Royal Mail boss Simon Thompson is to step down from his position, the proprietor of the postal big has stated.

Mr Thompson stated he believed it was the “proper time” to go after Royal Mail and the primary postal union struck a deal that might finish a long-running dispute.

He has had a tough two years accountable for the agency.

Mr Thompson had come below strain after he was accused of deceptive MPs when he denied Royal Mail tracked employees’ productiveness.

He’ll stay in put up till the tip of October, and the board is in “superior phases” of appointing a brand new chief government, it stated.

There have been experiences that Mr Thompson had turn out to be “more and more disillusioned” throughout strike motion by members of the Communication Employees Union (CWU).

It’s believed leaders of Royal Mail’s mother or father firm, Worldwide Distributions Companies, additionally wished contemporary management on the agency after the dispute over pay and situations.

Final month, union bosses beneficial that employees settle for the brand new deal which might finish the bitter dispute. Union members might be balloted later this month.

The corporate had stated that extra industrial motion, which had already price it £200m, may result in Royal Mail going bust.