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Royal Mail predicts record £10bn pension deficit (Guardian Unlimited)

admin December 15, 2009 Royal Mail Leave a comment 116 Views

• Chief expects to face biggest shortfall in UK corporate history • Royal Mail profits up 4% to £184m in first half of year Royal Mail has a found a £10bn black hole in its retirement postbag – the biggest pension deficit in UK corporate history, its chief executive Adam Crozier confessed today. The size of the bill for payments to former mail staff will easily overtake the pensions deficits …

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