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British Royal Mail workers vote against privatisation

British Royal Mail workers vote against privatisation
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The British government’s plans to privatise the UK’s postal service have been rejected by a majority of workers at the Royal Mail.

That was despite an offer to give each of them shares worth around 1,760 euros as part of the privatisation.

They cannot block it, but that vote will make future investors wary.

The Communication Workers Union – which organised the ballot – opposes the sale saying it will lead to a worse deal for customers and staff.

Royal Mail management argue privatisation is needed to raise external capital for future investment.

Union members also voted to boycott the delivery of competitors’ privately sorted mail.

Currently Royal Mail is paid to deliver letters and parcels that have been partially sorted by large customers and other postal operators.

A boycott could see 26 million items a day go undelivered, dealing a serious blow to Royal Mail’s business.

It plans to get a court injunction to force those deliveries to go ahead.

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