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Britain Announces Plan to Privatize Postal Service

Britain Announces Plan to Privatize Postal Service

(AFP) – Britain’s government on Wednesday announced plans to privatise more than half of Royal Mail, the state-run postal delivery service, following a major restructuring in recent years triggered by a surge in email use. Members of the Communication Workers Union (CWU) protested in London against the privatisation. Media reports say the part sale of Royal Mail could worth up to £3.0 billion ($4.5 billion, 3.5 billion euros). The government previously said that it intends to take on Royal Mail’s pension fund, including its hefty deficit.

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