The Communication Workers Union (CWU) has opposed the UK government’s decision to sell the remaining state-owned stake in Royal Mail –and warned that it would consider taking “strike action” to defend its members’ terms and conditions.
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The Chancellor of the Exchequer George Osborne has announced that UK government’s remaining 30% stake in Royal Mail is to be sold off.
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The Armenian government has approved plans to privatise the national postal operator, HayPost CJSC.
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The UK government has been largely absolved of underpricing Royal Mail following a review by former minister Lord Myners.
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The UK Government has insisted that it achieved value for money for the taxpayer in selling off Royal Mail, despite the huge increase in the share price immediate after the company was floated on the London Stock Exchange.
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