What will Royal Mail’s takeover mean for customers and postal workers?
The billionaire Daniel Křetínský, AKA the Czech Sphinx, is poised to buy the business – but what does he have planned?
Seems like the sort of thing where everyone says “why the fuck was that allowed to happen, what a fucking disaster” in 10 years time.
For now though, greasy palmed politicians will say it’s the right thing to do.
We're only now feeling the effects of the water privatisation of a few decades ago along with the selling off of the council houses.
It's a complete farce, imho. Especially since it's another case of "buying a company by taking out loans against that same company".
It'll just be a waiting game for the promises to expire, then splitting off the profitable bits, lumping the debt onto the obligated post bit, and letting the state pick up the pieces.
Late stage capitalism at its finest.
Wait, you guys privatized your mail service?! And are now selling it to a foreigner? What could possibly go wrong?
Wait, you guys privatized your mail service?!
Yep, tories like to privatise everything even if it will make things worse or end so badly it needs to be renationalised
Just like our Republicans.
Well you see it's because of the profit motive. The service will get better and be done cheaper because they will find "efficiencies" that would not be seen if it was state owned. It's elementary really. /s
So Thatcher took extra pages from Reagan? ;)
Bless their hearts. (I’m from the southern US, for context.)
Even the U.S. under Trump didn't do this. Wow.
I thought he tried by placing some nutter in charge of the postal service?
DeJoy. Founder of a FedEx competitor called XPO. He's STILL there due to the way appointments to the office are done, and continues his fuckery. But even he hasn't managed to fucking privatize the US mail system.
Reckon he'll be the guy who buys the NHS next, or will that be some other wealth hoarding pre-corpse?
This is the best summary I could come up with:
The billionaire sometimes known as the Czech Sphinx appears to be on the verge of becoming the first person to buy the Royal Mail in its 500-year history.
The board of the British postal service’s parent company, International Distribution Services (IDS), has agreed to a £3.57bn takeover bid from Daniel Křetínský, meaning the deal has a strong chance of going through.
A sale would mark a milestone in the history of a business that was privatised just over a decade ago but that can trace its history back to Henry VIII’s Masters of the Post.
So what will a takeover mean for customers and posties and what can we expect from the Czech Sphinx?
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Czech Sphinx? Because it's a riddle how he was allowed to aquire royal mail or because he is going to squeeze it dry?
Does anyone else think that nickname sounds like a breakfast cereal?
No more customers getting blamed for 'fake' stamps, hopefully
More like life bans or deactivation of new mandatory accounts (for data collection) if you don't stick it on straight.