Royal Mail

'Frontline' postmen unaffected as newly privatised service starts formal consultation with unions         More: continued here

By Neil Maidment LONDON (Reuters) – Just five months after its privatisation, Britain's Royal Mail postal service has announced plans to cut a net 1,300 jobs to reduce costs, prompting a threat of industrial action from a trade union. Royal Mail, sold off last October in Britain's biggest privatisation for …

A union has raised the threat of industrial action after Royal Mail (Other OTC: ROYMF – news) confirmed it was consulting on plans to cut 1,300 jobs, mainly managerial staff. Royal Mail, which was controversially privatised last year , said no delivery staff would be affected by the move, which …

Royal Mail says it is planning to cut 1,600 jobs as part of cost-saving plans, but unions have warned it could lead to industrial action. More: continued here

The Guardian Newly-privatised Royal Mail to cut 1300 jobsReuters UKRoyal Mail, sold off last October in Britain's biggest privatisation for decades, has shed 50,000 jobs in 11 years as part of a lengthy restructuring designed to allow it to better compete in a market shifting heavily from letters to parcels. …

Royal Mail said it was due to begin consultations with the Communication Workers Union and Unite over the move which will largely involve managerial positions. More: continued here

The firm is due to begin consultations with the Communications Workers Union and Unite over the job losses which it said would be mostly managerial positions. More: continued here

Royal Mail still undervalued, says Miton's GodberFE TrustnetThe government floated 60 per cent of the Royal Mail group in October 2013 at 330p per share, valuing the business at £3.3bn, but several investment banks at the time made estimated valuations up to £1.5bn higher. Its share price has had a …

Privatizing the Royal MailCato Institute (blog)Britain privatized its Royal Mail in 2013, proceeding with an initial public offering of shares that raised about $2.7 billion. The government pursued the reform because the company faced falling mail volume, and it needed to reduce costs and increase … More: continued here

Britain privatized its Royal Mail in 2013, proceeding with an initial public offering of shares that raised about $2.7 billion. The government pursued the reform because the company faced falling mail volume, and it needed to reduce costs and increase innovation. More: continued here