Auto enrolment for all Royal Mail staff

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Royal Mail staff will be automatically enrolled into an employee share scheme under the Government's plans to privatise the postal company, ministers announced.

Business Minister Michael Fallon said the aim was to give as many of Britain's postal workers as possible a chance to own a stake in their company. The announcement was made ahead of a two day conference when Communication Workers Union leaders will decide whether to hold a strike ballot over pay, jobs and other issues linked to the controversial sell-off.

Ministers said they were eager for the postmen and women who have worked hard in turning Royal Mail around to get access to free shares so that they have a "real stake" in the company.

Under automatic enrolment, as many employees as possible will be encouraged to benefit from free shares in the company as well as given the opportunity to opt out.