Postmen are to be given stakes in Royal Mail under radical Government plans to sell it off this year.
Ministers plan to transform the ailing firm into a John Lewis-style trust, like the department store whose employees are 'partners', owning shares and receiving annual dividends based on its profits.
The offer will dramatically undermine attempts by militant trade union leaders to persuade staff to oppose the privatisation, which is expected to be the biggest in Britain for two decades.
Wednesday, 30 June 2010
Not A Word...
Following on from the Sunday Mail's nonsense regarding the EU banning eggs comes a story in today's paper confirming that the Post Office will be sold off: