Pension warning over Royal Mail privatisation bid (Guardian Unlimited)

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• Mandelson releases letter from Royal Mail trustees • Ministers want to sell 30% stake to private sector Lord Mandelson tonight raised the stakes in the battle over the future of the Royal Mail by releasing a letter from its pension trustees warning that if part privatisation does not go ahead, staff may have to see the value of their pension slashed in half. The letter to the business …

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