24
Royal Mail could save £650m by switching service to three days a week, says Ofcom
(www.theguardian.com)
this post was submitted on 24 Jan 2024
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Royal Mail is fully private; no part of it is nationally owned.
It was sold off on the cheap a decade ago (while it was still profitable) with a major "caveat emptor" stipulation that the universal service obligation would remain as it was.
The private owners have since hived off the profitable parcel delivery arm (GLS) into a legally distinct entity, and have started whinging that the now isolated letter delivery business is unprofitable without degrading the service obligation.
It's a cynical move.