Home / Royal Mail / Royal Mail reports surge in annual operating profits to £211m

Royal Mail reports surge in annual operating profits to £211m

Business lost 4,000 staff through retirement or redundancy but said it was still producing only 'skinny' profit margins Royal Mail has reported a fivefold surge in annual operating profits to £211m just weeks after getting rid of its pension liabilities to the government and introducing major increases in stamp prices. The state-owned business, which is being fattened up for privatisation, also …

More: continued here

About admin

Check Also

Postal workers at Mount Pleasant oppose CWU Framework Agreement with Kretinsky’s takeover of Royal Mail

The Postal Workers Rank-and-File Committee (PWRFC)’s next online meeting is taking place today (Sunday, January …

Leave a Reply

Your email address will not be published. Required fields are marked *