Thousands of postal workers are to be balloted on strikes in a row over the “blatant privatisation” of their jobs. The Communication Workers Union says the threat of industrial action is aimed at stopping Consignia selling the cash handling operation to Securicor.
Read MoreThere was above average dealing yesterday in Securicor, the FTSE 250 security group. More than 7m shares changed hands amid talk that the company is close to selling its distribution division to Deutsche Post at a price in excess of £100m.
Read MoreAngry postal workers at a Royal Mail depot near Bristol walked out yesterday in an unofficial strike in protest at plans to sell off a key part of the Post Office.
The workers are employed by Cashco, which is the arm of the Royal Mail that delivers cash and high-value items.
The action began at 7pm on Monday after detailed plans were revealed regarding the sale of Cashco to privateers Securicor.
Read MoreHundreds of Royal Mail workers walked out yesterday in protest over threatened job losses.
The one-day strike was sparked by plans to sell off part of the business, which supplies 17,500 post offices with cash and stamps.
Read MoreSecuricor is set to win a major contract, worth up to 1 billion pounds, to deliver cash and stamps to Post Offices, it was announced today.
The company has been selected by postal services group Consignia as its preferred supplier of cash management and transportation services throughout the UK.
Consignia currently employs 3000 workers and has 700 vehicles in its cash-handling operations but has been looking to outsource services as part of its drive to cut costs.
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