Royal Mail faces setback on staff share ownership
Royal Mail’s hopes of persuading ministers to back its plans for employee share ownership will suffer a setback next week when a committee of MPs declares it is unconvinced by the scheme. The Commons trade and industry committee, which publishes on Tuesday the findings of a long inquiry into postal market liberalisation, is expected to be dismissive of the chairman Allan Leighton’s proposal. The state-owned postal operator, which faces full market liberalisation from January 1, wants to offer employees tradeable shares in the business, but has encountered fierce opposition to the plan from trade unionists and Labour MPs.
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