Nobody's word is worth anything,not a senior manager,Moya,Vince Cable,Michael Fallon,Billy or Dave because nobody knows what's going to happen if/when/during or after privatisation.dingo wrote:So dan you take the word of faceless senior manager from Scotland instead of the Dave Ward and Billy Hayes who have met with Vince Cable and Michael Fallon and have met with Moya on numerous occasions and yes she does want to privitiase Royal Mail but she does not want to break up the industry as that makes no sense.
Moya,Vince Cable and Michael Fallon are not reliable sources because they all have different agendas to the CWU.
That should be obvious.
Nobody knows what shape privatisation might take because that will depend on what options are on the table at the time,an IPO or pension fund investment might be the preferred option but if none of that is possible or available they will take the money from the devil himself if need be,selling off chunks of the business might not make long term sense but do you seriously believe that any of those involved are in it for the long haul?
BT sold off and outsourced profitable parts of it's business after privatisation which on paper appeared to make no sense but they did it mostly so that they could down-dial the terms and conditions of their staff and castrate the union and to a certain extent it worked.
I personally think Royal Mail's options are narrowing and that worries me because desperation is a dangerous thing when you need cash.
Next stop Wonga.com?