Royal Mail

Royal Mail must be privatised to save pension, says trustee chairmanEmployee Benefits, UKRoyal Mail pension scheme members have been warned that their retirement savings could be halved if the plan to privatise part of the business does not go ahead. Royal Mail pensions trustees chairman, Jane Newell, has said that if …

The only real question about the future of the Royal Mail is when, and how, the service will be restructured and partly privatised, not whether. It will happen either over the next year under the Brown Government, or later under a likely Conservative successor. More: continued here

Telegraph.co.uk Privatising Royal MailReutersThe government is trying to defuse anger over its plans to part-privatise Royal Mail. Postal workers are protesting in Westminster after it was announced that 30 percent of the company is to be sold off. Meanwhile, Prime Minister Gordon Brown faces a …Row grows over Royal Mail …

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

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

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 …

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

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 …

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 …

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 …