Royal Mail Sale: Cable Outlines Flotation

Written By Unknown on Rabu, 10 Juli 2013 | 18.56

Royal Mail staff will get free shares under the Government's plans for the privatisation of the service, despite strong opposition to the sell-off among the workforce amid concerns for jobs and services.

The Business Secretary Vince Cable confirmed in a statement to MPs the intention to float a majority stake in Royal Mail.

He said staff would hold 10% of the business under the proposals - first revealed by Sky News.

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