UNREST AT ROYAL MAIL Facing union pressure, election setbacks, and a revolt by backbenchers in his own party, Gordon Brown's Labor government has abandoned plans to sell off a 30 percent -- originally a 49 percent -- share of Royal Mail to a...
RECESSION LEAVES NATIONAL POSTS GASPING FOR AIR FIRESTORM OVER ROYAL MAIL PRIVATIZATION A proposal to bring in outside investors to shore up Royal Mail threatens Labour government. In late February, Business Secretary Peter Mandelson revealed that Royal Mail's total pension deficit would be revalued...
POSTAL OPERATORS HIT BY FINANCIAL CRISIS ECONOMY IMPERILS POSTAL LIBERALIZATION? Tumultuous 4th quarter puts pressure on reform initiatives. Q4 financial estimates have sent both government and private mail operators into crisis mode. Initially, skyrocketing fuel costs disrupted the plans of fuel-dependent mail operators. Although...
DOWNTURN BRINGS TURBULENCE TO EUROPEAN POSTS ROYAL MAIL'S LEADER STEPS DOWN Royal Mail Chairman Allan Leighton announced that he would be stepping down from his role by March 2009. Leighton has been head of the British postal operator since March 2002. Leighton's successor will...
The observations made by Postal Board of Governors Chairman Alan Kessler in Congressional testimony last year put the Postal Service’s economic situation in apt perspective. “First-Class Mail, particularly single piece First-Class Mail, is no longer growing steadily,” he said. “Standard Mail,...