MEETING WITH EP GROUP REPRESENTATIVES

Today we have met with representatives of EP Group. The meeting was useful and constructive and further meetings will take place including the direct involvement of Daniel Kretinsky.

We made it very clear that the current commitments from EP Group are neither strong enough or long enough. Daniel Kretinsky has openly stated he wants to own Royal Mail for the rest of his life – we need commitments for the workforce that match that level of ambition.

The CWU put forward our wide ranging concerns and also our view that we need to see a completely new ownership / business model for Royal Mail and one that gives all employees a real stake in the future of the business. Both parties have agreed to explore this further.

Royal Mail have led a prolonged and deliberate attack on its own workforce which continues to this day in many workplaces. Representatives of EP Group understood the reality that unless the workforce are on board the company will never succeed.

Alongside this meeting we are increasing our plans to engage the government and Labour Party on the takeover bid. This bid needs to be heavily scrutinised and debated, particularly in the run in to a general election.

The CWU position is clear. We do not support a foreign equity company taking over Royal Mail. At the same time we have absolutely no confidence in the current Board of the company. Royal Mail should be renationalised but the political climate makes that very difficult at the moment. Our job now is to make sure our members voice is heard at every opportunity as this takeover bid unfolds.