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    Royal Mail takeover by Czech billionaire approved
    United Kingdom

    Royal Mail takeover by Czech billionaire approved

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    25 Comments

    1. laxiuminum on

      I’m sure his priority is to ensure that our nation has an efficient and affordable delivery service.

    3. Carnir on

      >The government will retain a so called “golden share” that will require it to approve any major changes to Royal Mail’s ownership, HQ location and tax residency.

      >Other commitments to unions include workers getting a 10% share of any dividends paid out to Kretinsky, as well as the formation of a workers group that will meet monthly with the directors of Royal Mail to give employees a bigger voice on how it is run.

      Honestly, this sounds fine.

    4. KeyLog256 on

      Given the shit show that is Royal Mail lately, a Czech billionaire can probably only improve things. 

      Right? Right…..?

    6. AnotherKTa on

      Once you sell something to private shareholders, you can’t really complain much when they sell it on or it changes hands. The damage was done a decade ago when it was privatised, and I doubt this will really change much.

    7. Careful-Swimmer-2658 on

      They’ve been trying to force out the existing staff and replace them with short term workers on terrible contracts for years.

    8. Thaiaaron on

      Posting 100 Christmas cards via 1st Class post in the UK costs £165

      German Post 100 Christmas cards posted from Germany to the UK Internationally £91

      I could fly to Germany, post 100 Christmas cards to family and friends, spend the night in a hostel, eat some cheap food and fly back and it would be cheaper.

    11. shaded-user on

      More money, service and customer rights being signed away. Well done Britain. Signed, a British person.

    12. ash_ninetyone on

      Royal Mail has a market cap of about £3.5bn.

      For us to renationalise it (at a signifcantly higher cost than the Tories nationalised it for a decade ago) we’d need to offer at least it’s share price for the current shareholders to listen to, and offer more than Kretinsky for shareholders to pick our bid.

      Yet again suffer at the hands of people who flog our assets for quick dosh now and nothing later.

      Repossessing things without recompense is tricky. It was done during the post-war years. It’d be harder to do now. Especially with a private company worth that much.

    14. SoundsVinyl on

      Won’t be long before long term employees are forced out, zero contracts and agency brought in, the ones they can’t get rid of stripped of their benefits and a decent pay.

    16. dwardu on

      So he will sell off everything to his own company, rent it out to royal Mail at an extortionate price then sell off Royal Mail

    18. twofin on

      There is absolutely zero chance that this won’t result in a degradation of current service with less future investment as the money is drained out into the venture capitalists’ pockets. Buckle up for another shite, expensive, unreliable postage service folks!

    21. KilforeClout on

      Royal Mail have some of their depots in lucrative locations, closest to me is a huge waterfront property on the Mersey. Sadly I can imagine a lot of those getting sold in the next few years.

    22. Species1139 on

      Mail delivery is part of our national infrastructure. Like energy, water, public transport, health and care it shouldn’t be run for the profit of shareholders, it should be for the people.

      Having critical parts of our societies infrastructure being owned and controlled by foreigner companies is madness.

    24. crosstherubicon on

      You’d think after the shitshow that’s been the privatisation of water and rail we’d have learnt that this isn’t a good idea.