We have collected some of the facts you should know about the privatisation.
1. The Amount
Privatization amount will involve a massive amount of 2.5 billion pounds, which is equal to 3.7 billion US dollars
2. 1,50,000 employees to get free shares
According to reports, about 1,50,000 of the postal operator will get free shares amounting millions of pounds. So the employees could be the main beneficiaries of the move.
3. Blow to Trade Unions
Trade unions of the country are opposing the move saying that it will surge decline in postal services in the country.
4. Legacy of about 500 years
The Royal Mail has a legacy of about 500 years as the its history dates back to 1516.
5. Royal Mail on Profitint Route in Online Shopping Boom
In all privatization phenomena, the fact should be forgotten that the service had doubled its profit with making its business compatible with Online Shopping Boom
6. Products and Services Extension
Officials believe that the decision will extend the portfolio of products and services of the Royal Mail
“I would hope that a privatised Royal Mail would be looking to expand on their products and services, and to make those services ready for 21st century consumers,” Robert Hammon, Consumer Futures director told Sky News.
What’s your say on the issue?