Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO). The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day …
Read More »Royal Mail bidder pledges to prevent job cuts if he takes charge
The Czech billionaire vying to buy Royal Mail has pledged not to cut any jobs if his takeover bid is successful. Daniel Kretinsky, known as the “Czech sphinx”, has made private assurances that there will be no compulsory redundancies as a result of his swoop on the 500-year-old postal service. …
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