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International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 3 ] but sold its remaining shares in 2015. [ 4 ]
Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distribution Services.It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels).
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Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services to the public through its nationwide network of around 11,500 ...
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Councils seeking to protect workers ensured that employees accessed shares as privatisation took place, but employee owners soon lost their shares as they were bought up and bus companies were taken over. [2] The disappearance of stock plans was dramatic. [3] The John Lewis Partnership has been cited as an example of an employee share ownership.
The basis of the strike was a disagreement over pay and pensions. On 7 June 2007, the union's postal members voted by 77.5% to strike after a 2.5% pay rise coupled with £350 million every year for five years (totalling £1.5 billion) of cuts was offered.
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