Royal Mail boss Simon Thompson is to step down from his function, 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 would finish a long-running dispute.

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

Mr Thompson had come beneath 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 levels” of appointing a brand new chief govt, it stated.

There have been reviews that Mr Thompson had develop into “more and more disillusioned” throughout strike motion by members of the Communication Staff Union (CWU).

It’s believed leaders of Royal Mail’s father or mother firm, Worldwide Distributions Companies, additionally needed 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 shall be balloted later this month.

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