A source says continuing strike action could mean Royal Mail is put into administration.
Talks to resolve a long-running row with Royal Mail staff over pay and conditions are close to collapse.
Discussions are "precarious" and in their "last throes", with the next 24-48 hours key to settling the dispute, a source close to the talks said.into administration if a deal is not done. The BBC understands that there may be movement on the current pay offer to unions to try and resolve the issues. "Administration is a real possibility for Royal Mail if the industrial action continues. It is not a negotiating ploy," the source told the BBC.The government would have to approve a move into administration.But the dispute is not just over pay. Royal Mail is also trying to make changes to the way postal staff do their jobs including changes to start times and sick pay.
The long-running dispute has seen workers and management at loggerheads, leading to industrial action including a strike over Christmas, with further possible strikes.
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