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

Related Articles

Business’s ‘absolute nightmare’ after 85 parcels disappear

5 hours ago

‘Children will suffer’: Thousands sign petition against proposed Leicestershire SEND nursery closures

5 hours ago

Italian Government introduce €2 customs administration fee – ChannelX

6 hours ago

• 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 …

More: continued here