International Distribution Services has reached an agreement for the takeover by Czech billionaire Daniel Křetínsky however the deal still need to be approved by IDS Shareholders on 25 September at their AGM.
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CWU vows to protect UK postal services and demands new ownership and governance of Royal Mail.
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Royal Mail has rejected a takeover bid by Czech billionaire and part West Ham owner, Daniel Křetínský’s EP Group, describing it as “opportunistic” and not reflective of “the growth potential and prospects of the Company”.
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The Ofcom review on the postal USO, published last week has drawn mixed reviews from the sector with potential recommendations including reducing the number of letter delivery days in the service from six to five or three.
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Royal Mail is pleased that members of the Communication Workers Union (CWU) have voted overwhelmingly in favour of the framework agreement on the strategy and future direction of Royal Mail, operational change, pay and job security.
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