Jeremy Smith, a top-ten shareholder in the parent company of Royal Mail has today said that current management can add more value to the struggling company.
"Royal Mail is being sold to Czech tycoon Daniel Kretinsky for £3.5billion - but the new owner must not be allowed to cut the workforce and services of our once-great national institution"
The Communication Workers Union has slammed the £5billion sale of Royal Mail to 'Czech Sphinx' billionaire Daniel Kretinsky, with demands for 150,000 jobs to be secured