Ritika Janiya
In the recent news about UK economy, the designated personality, Czech billionaire Daniel Kretinsky has promised to maintain the USO if he acquires the Royal Mail—that, across the UK, letters will still be delivered six days a week.
He further continues to announce by stating a big sentence, sayin “I will make sure that Royal Mail keeps delivering letters six days a week as long as I am in charge,” he has told the BBC in an interview.
Royal Mail’s board has accepted a £3.6 billion offer to buy the firm from Mr Kretinksy. The offer will be put to shareholders later in the year. However, it requires further approval from the government for the sale to be completed.
In accordance with existing law, Royal Mail must deliver any letter in the UK six days a week and parcels five days a week for one price. This is significant in that it makes it feel as though anyone in the country has the ability to send and receive mail on a consistent basis.
In an interview, Mr. Kretinsky said he would be willing to let workers have a share of future company profits but rejected demands from some worker unions for a say in the company’s ownership.
That deal to buy Royal Mail is massive, considering that the company has operated since 1516 and has in excess of 150,000 employees. It is considered an important part of the country’s infrastructure.
All this, however, notwithstanding, there are worries if Mr. Kretinsky would infer to include. He has only agreed to safeguard the six-day delivery for at least five years. But thereafter, he could make changes unless it pleases him not to.
Unions that represent postal workers from around London, however, have their reservations. They want more reassurance that jobs and benefits will be protected in a new ownership set-up. In fact, some union leaders have even suggested putting Royal Mail back into government hands, very reluctantly, just to retain workers’ rights.
Mr. Kretinsky had a background in the energy and investment worlds; previous exploits included making a fortune in numerous European businesses, from owning part of a leading supermarket chain in the UK to owning a football club in the English Premier League.
Let us see, therefore, what future lies ahead for Royal Mail especially if Mr. Kretinsky’s promises and ideas are made beneficially to the several employees and customers whom the company now caters to across the United Kingdom.
