British Prime Minister Gordon Brown’s government faced a major revolt among his supporters and a union threat of a strike over plans to sell a stake in state-owned postal services operator Royal Mail. More: continued here
Read More »Royal Mail chief Adam Crozier warns MPs of huge cash problem (Times Online)
Adam Crozier, the Royal Mail chief executive, has warned MPs that if action is not taken to address the group’s need for money and its pension deficit, it faces a “really bloody big problem”. More: continued here
Read More »Royal Mail pension fund 'faces collapse' without part-privatisation – London Stock Exchange
Royal Mail pension fund 'faces collapse' without part-privatisationLondon Stock Exchange, UKThe Royal Mail's pension scheme could be in danger of collapsing unless the government pushes ahead with the company's part-privatisation, trustees have warned. Jane Newell, the chairman of the scheme's trustees, said the fund's deficit may now be … More: continued …
Read More »Unions challenge govt on Royal Mail – Politics.co.uk
Politics.co.uk Unions challenge govt on Royal MailPolitics.co.uk, UKBy Alex Stevenson A rally is being held in Westminster opposing the government's plans to part-privatise Royal Mail. The Communication Workers Union, (CWU) hosting the event at Central Hall opposite Westminster Abbey, is seeking to prevent the … More: continued here
Read More »MPs And Workers Protest Royal Mail Sale Plans – Sky News
Sky News MPs And Workers Protest Royal Mail Sale PlansSky News, UKGovernment plans to sell off part of Royal Mail have been met with protests from postal workers and Labour MPs. Gordon Brown is facing the biggest rebellion of his premiership – 125 of his backbenchers have signed a parliamentary motion …
Read More »Privatise or pensions will be cut, Royal Mail staff told – Times Online
Times Online Privatise or pensions will be cut, Royal Mail staff toldTimes Online, UKAlmost half a million Royal Mail staff past and present have been warned that their pensions could be halved if the plan to privatise part of the business does not go ahead. However, one of the leaders of …
Read More »Postman speaks of pension woes – BBC News
BBC News Postman speaks of pension woesBBC News, UKBy Callum May Postal workers have staged a demonstration in Westminster to voice their anger about the government's plans to sell part of its stake in Royal Mail. But trustees of the company's pension fund are warning of devastating consequences, … More: continued …
Read More »Royal Mail HR director was made redundant in January – PersonnelToday.com
Royal Mail HR director was made redundant in JanuaryPersonnelToday.com, UKA Royal Mail group HR director has been made redundant, just as parliament is set to debate the possible part-privitisation of the postal company, Personnel Today has learned. Stephen Windsor-Lewis, former director of group people programmes at the … More: continued here
Read More »Royal Mail chief Adam Crozier warns MPs of huge cash problem – Times Online
Royal Mail chief Adam Crozier warns MPs of huge cash problemTimes Online, UKAdam Crozier, the Royal Mail chief executive, has warned MPs that if action is not taken to address the group's need for money and its pension deficit, it faces a “really bloody big problem”. He told the House of …
Read More »Anger over Royal Mail sale plans – Reuters
BBC News Anger over Royal Mail sale plansReutersBy Adrian Croft LONDON (Reuters) – The government, trying to defuse anger over its plans to part-privatise Royal Mail, said on Tuesday the postal services company could run out of money unless it tackled its huge pension fund deficit. …Row grows over Royal …
Read More »